Empowered Funds LLC Takes Position in MarineMax, Inc. $HZO

Empowered Funds LLC bought a new position in shares of MarineMax, Inc. (NYSE:HZO) during the second quarter, Holdings Channel.com reports. The fund bought 111,769 shares of the specialty retailer’s stock, valued at approximately $4,093,000.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada increased its stake in MarineMax by 6.9% during the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock valued at $3,027,000 after purchasing an additional 9,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in MarineMax by 4.4% during the first 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 during the last quarter. Jones Financial Companies Lllp bought a new position in shares of MarineMax in the first quarter valued at $168,000. Goldman Sachs Group Inc. lifted its stake in shares of MarineMax by 69.3% in the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after buying an additional 142,775 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of MarineMax by 115.6% during the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after buying an additional 383,926 shares during the last quarter. 92.85% of the stock is currently owned by institutional investors.

MarineMax Price Performance

Shares of NYSE:HZO opened at $52.15 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.15 billion, a PE ratio of 372.50 and a beta of 1.58. The stock’s fifty day simple moving average is $40.62 and its two-hundred day simple moving average is $33.87. MarineMax, Inc. has a 1-year low of $21.42 and a 1-year high of $52.46.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. B. Riley Financial downgraded shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research report on Tuesday, July 21st. Loop Capital cut shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research report on Tuesday, August 11th. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. Northcoast Research lowered MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Benchmark downgraded MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, MarineMax presently has an average rating of “Hold” and an average target price of $43.00.

MarineMax 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.