MarineMax, Inc. (NYSE:HZO) Receives $35.40 Average Price Target from Brokerages

MarineMax, Inc. (NYSE:HZO) has received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $43.00.

Several analysts have recently weighed in on HZO shares. B. Riley Financial downgraded MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Tuesday, July 21st. Weiss Ratings raised MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Loop Capital lowered MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research note on Tuesday. Citigroup restated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Finally, Benchmark lowered MarineMax from a “buy” rating to a “hold” rating in a research report on Monday.

Institutional Trading of MarineMax

Several institutional investors have recently added to or reduced their stakes in HZO. Russell Investments Group Ltd. lifted its stake 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 purchasing an additional 808 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of MarineMax by 22.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock worth $71,000 after buying an additional 360 shares during the last quarter. Fifth Third Bancorp grew its position in shares of MarineMax by 3,613.3% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 4,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MarineMax by 129.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after acquiring an additional 2,996 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in MarineMax during the first quarter worth about $168,000. 92.85% of the stock is owned by institutional investors and hedge funds.

MarineMax Trading Up 0.0%

HZO opened at $52.05 on Monday. The firm’s 50 day moving average is $36.60 and its 200-day moving average is $32.03. MarineMax has a 52-week low of $21.42 and a 52-week high of $52.46. The company has a quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.15 billion, a P/E ratio of 371.78 and a beta of 1.58.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The firm had revenue of $611.26 million for the quarter, compared to analyst estimates of $682.29 million. During the same period in the previous year, the business posted ($2.42) earnings per share. MarineMax’s revenue for the quarter was down 7.0% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Analysts expect that MarineMax will post 0.69 EPS for the current fiscal year.

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.