MarineMax (NYSE:HZO) Sets New 12-Month High – Still a Buy?

MarineMax, Inc. (NYSE:HZO) shares hit a new 52-week high on Wednesday . The stock traded as high as $36.34 and last traded at $36.35, with a volume of 20324 shares trading hands. The stock had previously closed at $34.79.

Analyst Ratings Changes

Several equities analysts have issued reports on HZO shares. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Truist Financial set a $34.00 price objective on MarineMax in a research report on Tuesday, April 21st. Finally, Citigroup restated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.75.

MarineMax Stock Performance

The stock has a market capitalization of $803.98 million, a price-to-earnings ratio of -12.42 and a beta of 1.59. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $32.53 and a 200-day moving average of $28.99.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The company had revenue of $527.41 million during the quarter, compared to analysts’ expectations of $617.21 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The firm’s revenue was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, sell-side analysts predict that MarineMax, Inc. will post 0.74 earnings per share for the current year.

MarineMax declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 4th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to repurchase up to 15.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On MarineMax

A number of large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in shares of MarineMax by 54.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 374 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in MarineMax by 93.5% during the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after buying an additional 808 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of MarineMax by 3,613.3% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 4,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MarineMax by 129.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in MarineMax in the 1st quarter worth about $168,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

About MarineMax

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.