MarineMax (NYSE:HZO) Earns “Buy” Rating from Benchmark

Benchmark restated their buy rating on shares of MarineMax (NYSE:HZO) in a research note issued to investors on Friday,Benzinga reports. They currently have a $40.00 price objective on the specialty retailer’s stock.

A number of other analysts have also recently issued reports on HZO. DA Davidson lowered their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.50.

MarineMax Trading Down 4.8 %

Shares of HZO opened at $30.81 on Friday. The stock’s 50-day moving average price is $29.64 and its 200 day moving average price is $31.23. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $699.08 million, a price-to-earnings ratio of 18.67 and a beta of 1.89. MarineMax has a 12-month low of $22.51 and a 12-month high of $38.20.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board bought a new stake in shares of MarineMax in the 2nd quarter valued at about $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in MarineMax in the third quarter valued at approximately $67,000. Point72 Asset Management L.P. bought a new stake in shares of MarineMax in the 3rd quarter valued at $143,000. Bfsg LLC lifted its position in shares of 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 acquiring an additional 681 shares during the period. Finally, Systematic Financial Management LP bought a new stake in MarineMax in the third quarter valued at $183,000. 92.85% of the stock is owned by 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.