MarineMax (NYSE:HZO) Given New $32.00 Price Target at Citigroup

MarineMax (NYSE:HZO) had its target price hoisted by Citigroup from $29.00 to $32.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Separately, Truist Financial decreased their price target on MarineMax from $38.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MarineMax has a consensus rating of “Buy” and a consensus price target of $36.50.

MarineMax Price Performance

HZO stock opened at $25.47 on Monday. The company has a market capitalization of $546.76 million, a P/E ratio of 10.39 and a beta of 1.58. The company has a fifty day moving average price of $21.96 and a 200-day moving average price of $25.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.16. MarineMax has a 52-week low of $16.85 and a 52-week high of $38.20.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $631.52 million during the quarter, compared to the consensus estimate of $580.12 million. MarineMax had a return on equity of 5.01% and a net margin of 2.35%. MarineMax’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, equities analysts expect that MarineMax will post 2.41 EPS for the current year.

Institutional Trading of MarineMax

A number of institutional investors have recently bought and sold shares of HZO. SWS Partners raised its position in shares of MarineMax by 3.4% in the 1st quarter. SWS Partners now owns 21,243 shares of the specialty retailer’s stock worth $457,000 after acquiring an additional 691 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in MarineMax by 69.3% in the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock worth $7,496,000 after purchasing an additional 142,775 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in MarineMax in the first quarter valued at approximately $168,000. Nexpoint Asset Management L.P. lifted its stake in MarineMax by 75.7% in the first quarter. Nexpoint Asset Management L.P. now owns 21,000 shares of the specialty retailer’s stock valued at $452,000 after buying an additional 9,045 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock worth $278,000 after buying an additional 546 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.