MarineMax, Inc. (NYSE:HZO) Given Average Rating of "Buy" by Brokerages

MarineMax, Inc. (NYSE:HZO - Get Free Report) has been given a consensus recommendation of "Buy" by the six research firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.83.

Several research firms have recently commented on HZO. Benchmark started coverage on shares of MarineMax in a research note on Tuesday, October 15th. They issued a "buy" rating and a $40.00 target price for the company. StockNews.com downgraded shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Wednesday.

MarineMax Stock Performance

HZO stock traded down $0.27 during trading on Friday, hitting $26.50. The company had a trading volume of 290,242 shares, compared to its average volume of 226,090. The firm has a 50-day moving average price of $30.16 and a 200-day moving average price of $31.43. 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 cap of $601.34 million, a PE ratio of 16.06 and a beta of 1.89. MarineMax has a 1-year low of $22.51 and a 1-year high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last released its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The business had revenue of $563.10 million for the quarter, compared to analyst estimates of $576.49 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. On average, analysts expect that MarineMax will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On MarineMax

Several institutional investors have recently modified their holdings of HZO. Dimensional Fund Advisors LP grew its position in shares of MarineMax by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer's stock valued at $46,767,000 after purchasing an additional 110,601 shares during the last quarter. Private Management Group Inc. grew its holdings in MarineMax by 11.5% during the 3rd quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer's stock valued at $18,835,000 after buying an additional 55,033 shares during the last quarter. Millennium Management LLC increased its position in MarineMax by 22.7% during the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer's stock worth $13,012,000 after buying an additional 74,451 shares in the last quarter. Royce & Associates LP raised its holdings in shares of MarineMax by 45.2% in the third quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer's stock worth $13,008,000 after acquiring an additional 114,880 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new stake in shares of MarineMax in the third quarter valued at $11,271,000. 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.