Analysts Set MarineMax, Inc. (NYSE:HZO) PT at $42.20

MarineMax, Inc. (NYSE:HZO) has earned a consensus recommendation of “Buy” from the five research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have covered the stock in the last year is $42.20.

HZO has been the topic of several recent analyst reports. Truist Financial lifted their price target on MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their price target on MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 12th. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. DA Davidson lifted their price target on MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, B. Riley lowered their price objective on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th.

MarineMax Price Performance

Shares of NYSE HZO opened at $33.90 on Monday. MarineMax has a 1-year low of $22.51 and a 1-year high of $39.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.36. The company has a market capitalization of $756.65 million, a price-to-earnings ratio of 12.28 and a beta of 1.82. The business has a 50-day moving average of $32.13 and a 200-day moving average of $30.71.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. The firm had revenue of $757.72 million during the quarter, compared to analyst estimates of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $2.07 EPS. On average, equities analysts anticipate that MarineMax will post 2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HZO. New York State Common Retirement Fund grew its holdings in shares of MarineMax by 175.9% during the fourth quarter. New York State Common Retirement Fund now owns 21,596 shares of the specialty retailer’s stock worth $840,000 after purchasing an additional 13,769 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MarineMax by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,701 shares of the specialty retailer’s stock worth $17,766,000 after buying an additional 31,856 shares during the last quarter. Versor Investments LP bought a new position in shares of MarineMax in the 4th quarter worth $284,000. BNP Paribas Financial Markets lifted its holdings in shares of MarineMax by 23.6% during the 4th quarter. BNP Paribas Financial Markets now owns 145,263 shares of the specialty retailer’s stock worth $5,651,000 after acquiring an additional 27,781 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in MarineMax in the fourth quarter worth $220,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.