MarineMax, Inc. (NYSE:HZO – Get Rating) has been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $39.17.
Several equities analysts recently weighed in on the company. Truist Financial dropped their price objective on MarineMax from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday, October 5th. Stifel Nicolaus started coverage on MarineMax in a research report on Wednesday, December 14th. They set a "buy" rating and a $40.00 price target for the company. B. Riley dropped their price target on MarineMax from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Friday. Raymond James dropped their price target on MarineMax from $55.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday. Finally, DA Davidson dropped their price target on MarineMax from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Monday.
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Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of MarineMax by 0.4% during the first quarter. BlackRock Inc. now owns 4,159,070 shares of the specialty retailer's stock worth $167,445,000 after acquiring an additional 16,515 shares during the last quarter. Vanguard Group Inc. increased its holdings in MarineMax by 1.9% in the third quarter. Vanguard Group Inc. now owns 1,789,622 shares of the specialty retailer's stock valued at $53,313,000 after buying an additional 34,189 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in MarineMax by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,730,189 shares of the specialty retailer's stock valued at $51,544,000 after buying an additional 39,261 shares during the last quarter. State Street Corp boosted its stake in MarineMax by 7.5% in the second quarter. State Street Corp now owns 821,472 shares of the specialty retailer's stock valued at $29,672,000 after acquiring an additional 57,396 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in MarineMax by 0.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 632,590 shares of the specialty retailer's stock valued at $25,468,000 after acquiring an additional 2,302 shares during the period. Institutional investors and hedge funds own 95.93% of the company's stock.
MarineMax Stock Performance
NYSE HZO opened at $29.66 on Tuesday. MarineMax has a 1-year low of $27.40 and a 1-year high of $50.32. The company has a market capitalization of $647.95 million, a P/E ratio of 3.63 and a beta of 1.58. The business has a 50 day moving average price of $32.16 and a 200 day moving average price of $33.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.35 and a quick ratio of 0.41.
MarineMax (NYSE:HZO – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The specialty retailer reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.27). MarineMax had a net margin of 7.76% and a return on equity of 25.61%. The firm had revenue of $507.90 million during the quarter, compared to analysts' expectations of $509.59 million. During the same period in the previous year, the business earned $1.59 earnings per share. The business's revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that MarineMax will post 7.15 EPS for the current fiscal year.
About MarineMax
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MarineMax, Inc engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts and fishing boats through retail stores. It also provides maintenance, repair, slip and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.
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