MarineMax (NYSE:HZO) Hits New 52-Week High – Should You Buy?

MarineMax, Inc. (NYSE:HZO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $52.50 and last traded at $52.4450, with a volume of 606456 shares changing hands. The stock had previously closed at $52.21.

Analyst Ratings Changes

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

MarineMax Price Performance

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 company has a 50 day simple moving average of $43.85 and a 200-day simple moving average of $35.53. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 374.68 and a beta of 1.66.

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

Hedge Funds Weigh In On MarineMax

Several large investors have recently bought and sold shares of HZO. Pacer Advisors Inc. acquired a new position in shares of MarineMax during the first quarter valued at approximately $4,050,000. De Lisle Partners LLP bought a new stake in MarineMax during the second quarter worth approximately $6,170,000. SWS Partners acquired a new stake in MarineMax in the second quarter worth approximately $1,097,000. BlackRock Inc. bought a new position in MarineMax during the 2nd quarter valued at $116,412,000. Finally, DCF Advisers LLC bought a new position in MarineMax during the 2nd quarter valued at $2,106,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

About MarineMax

MarineMax, Inc is a recreational-boat retailer and services company based in Clearwater, Florida. The company sells new and pre-owned powerboats and yachts from a range of manufacturers, serving consumers seeking boats for cruising, fishing, watersports and other leisure activities.

In addition to boat sales, MarineMax provides related services including brokerage, financing, insurance, maintenance, repair, parts and storage. Its operations also include marinas and boating-related hospitality or charter services in select markets, allowing the company to support customers throughout the ownership lifecycle.

MarineMax primarily serves customers in the United States through a network of dealerships and marinas, with a particularly strong presence in Florida and other coastal markets, as well as locations in regions such as the Northeast, Midwest, Southeast and Texas.