MarineMax (NYSE:HZO) Price Target Raised to $39.00

MarineMax (NYSE:HZO) had its price objective hoisted by analysts at Truist Financial from $34.00 to $39.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s target price suggests a potential upside of 12.95% from the stock’s previous close.

Several other research analysts have also commented on HZO. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Citigroup reissued a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Finally, Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.00.

MarineMax Stock Performance

HZO stock opened at $34.53 on Monday. The stock’s 50 day simple moving average is $33.65 and its 200 day simple moving average is $29.62. MarineMax has a 12-month low of $21.41 and a 12-month high of $38.14. The firm has a market cap of $760.70 million, a P/E ratio of -11.74 and a beta of 1.58. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36.

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

Institutional Trading of MarineMax

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its position in MarineMax by 11.0% in the fourth quarter. State Street Corp now owns 953,009 shares of the specialty retailer’s stock worth $23,091,000 after acquiring an additional 94,356 shares in the last quarter. Boothbay Fund Management LLC lifted its position in shares of MarineMax by 13.0% during the 4th quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer’s stock valued at $18,776,000 after acquiring an additional 89,080 shares during the last quarter. Invesco Ltd. boosted its stake in shares of MarineMax by 115.6% during the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after acquiring an additional 383,926 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of MarineMax during the 3rd quarter worth $16,620,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MarineMax by 22.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 592,471 shares of the specialty retailer’s stock worth $14,356,000 after acquiring an additional 109,241 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.

MarineMax Company Profile

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.