MarineMax (NYSE:HZO) Sees Unusually-High Trading Volume – Time to Buy?

MarineMax, Inc. (NYSE:HZO) saw unusually-high trading volume on Monday. Approximately 502,127 shares traded hands during trading, an increase of 0% from the previous session’s volume of 499,651 shares. The stock last traded at $52.3450 and had previously closed at $52.37.

Analysts Set New Price Targets

A number of analysts have recently commented on HZO shares. Weiss Ratings raised MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Benchmark downgraded MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Citigroup lowered MarineMax from a “buy” rating to a “neutral” rating and raised their price objective for the company from $41.00 to $53.00 in a research report on Friday, October 2nd. Loop Capital cut 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, August 11th. Finally, Truist Financial downgraded MarineMax from a “buy” rating to a “hold” rating and boosted their target price for the stock from $39.00 to $53.00 in a report on Wednesday, August 12th. Eight investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, MarineMax has a consensus rating of “Hold” and an average target price of $44.67.

MarineMax Trading Up 0.1%

The stock has a fifty day simple moving average of $51.28 and a 200 day simple moving average of $39.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23. The firm has a market cap of $1.16 billion, a P/E ratio of 87.22 and a beta of 1.70.

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

Institutional Trading of MarineMax

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in MarineMax by 22.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock valued at $71,000 after buying an additional 360 shares in the last quarter. RBF Capital LLC boosted its position in MarineMax by 0.5% in the 4th quarter. RBF Capital LLC now owns 80,420 shares of the specialty retailer’s stock valued at $1,949,000 after buying an additional 420 shares during the period. Swiss National Bank grew its stake in MarineMax by 4.0% in the 1st quarter. Swiss National Bank now owns 38,900 shares of the specialty retailer’s stock worth $1,053,000 after acquiring an additional 1,500 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in MarineMax by 16.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 10,913 shares of the specialty retailer’s stock worth $295,000 after acquiring an additional 1,546 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of MarineMax during the second quarter worth approximately $59,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht retailer headquartered in Clearwater, Florida. Founded in 1998, the company sells new and pre-owned boats, yachts and related marine products through a network of dealerships and other locations in the United States.

MarineMax represents a range of marine brands and offers products spanning smaller recreational boats, luxury yachts and larger vessels. Its services include boat brokerage, financing and insurance assistance, maintenance and repair, storage, and other support services for boat owners.