MarineMax (NYSE:HZO) Raised to Hold at StockNews.com

MarineMax (NYSE:HZO) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently issued reports on the stock. Benchmark started coverage on shares of MarineMax in a research note on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target for the company. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and lifted their price target for the company from $40.00 to $44.00 in a research report on Monday, September 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Trading Up 1.0 %

NYSE HZO opened at $28.54 on Thursday. The stock has a market cap of $644.86 million, a P/E ratio of 17.30 and a beta of 1.87. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The stock has a 50 day simple moving average of $30.77 and a two-hundred day simple moving average of $31.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $563.10 million during the quarter, compared to analyst estimates of $576.49 million. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. During the same quarter last year, the firm posted $0.69 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. On average, analysts forecast that MarineMax will post 2.33 earnings per share for the current year.

Institutional Trading of MarineMax

A number of hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new position in MarineMax during the 2nd quarter valued at approximately $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MarineMax in the 3rd quarter worth about $67,000. Point72 Asset Management L.P. bought a new position in MarineMax in the 3rd quarter worth about $143,000. Bfsg LLC grew its position in MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 681 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new position in MarineMax in the third quarter worth about $183,000. 92.85% of the stock is owned by institutional investors.

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.