StockNews.com Upgrades MarineMax (NYSE:HZO) to “Hold”

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

Several other equities analysts have also commented on the company. Benchmark restated a “buy” rating and set a $40.00 price target on shares of MarineMax in a research note on Friday. DA Davidson cut their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

MarineMax Price Performance

MarineMax stock opened at $30.81 on Friday. The stock has a market cap of $699.08 million, a price-to-earnings ratio of 18.67 and a beta of 1.89. The firm has a 50-day moving average of $29.64 and a two-hundred day moving average of $31.23. MarineMax has a 1 year low of $22.51 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. On average, research analysts forecast that MarineMax will post 2.25 earnings per share for the current year.

Institutional Investors Weigh In On MarineMax

A number of hedge funds have recently made changes to their positions in HZO. Oliver Luxxe Assets LLC purchased a new stake in MarineMax during the fourth quarter valued at approximately $1,316,000. JPMorgan Chase & Co. lifted its holdings in shares of MarineMax by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock valued at $413,000 after purchasing an additional 905 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of MarineMax during the 3rd quarter valued at $236,000. Systematic Financial Management LP acquired a new stake in shares of MarineMax in the 3rd quarter worth $183,000. Finally, RBF Capital LLC grew its stake in MarineMax by 55.9% during the 3rd quarter. RBF Capital LLC now owns 93,544 shares of the specialty retailer’s stock worth $3,299,000 after buying an additional 33,544 shares during the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

MarineMax Company Profile

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.