MarineMax, Inc. (NYSE:HZO) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $41.83.

HZO has been the subject of a number of recent analyst reports. StockNews.com cut MarineMax from a "hold" rating to a "sell" rating in a research report on Tuesday, September 3rd. Truist Financial raised their target price on MarineMax from $35.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Citigroup upgraded MarineMax from a "neutral" rating to a "buy" rating and raised their target price for the stock from $40.00 to $44.00 in a research note on Monday, September 9th. Finally, Benchmark started coverage on MarineMax in a research note on Tuesday, October 15th. They issued a "buy" rating and a $40.00 target price for the company.

Institutional Investors Weigh In On MarineMax

A number of institutional investors have recently modified their holdings of HZO. State Board of Administration of Florida Retirement System grew its position in shares of MarineMax by 45.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,897 shares of the specialty retailer's stock valued at $296,000 after acquiring an additional 2,800 shares during the period. Vanguard Group Inc. grew its position in shares of MarineMax by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 1,468,991 shares of the specialty retailer's stock valued at $48,859,000 after acquiring an additional 29,473 shares during the period. UniSuper Management Pty Ltd acquired a new stake in shares of MarineMax during the 1st quarter valued at about $437,000. CANADA LIFE ASSURANCE Co boosted its holdings in MarineMax by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,576 shares of the specialty retailer's stock worth $785,000 after buying an additional 1,625 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in MarineMax by 17.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer's stock worth $205,000 after buying an additional 924 shares during the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Stock Up 2.9 %

Shares of NYSE HZO opened at $30.57 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $690.46 million, a PE ratio of 18.52 and a beta of 1.85. The stock's fifty day simple moving average is $31.82 and its two-hundred day simple moving average is $31.47. MarineMax has a 12-month low of $22.51 and a 12-month high of $39.85.

MarineMax (NYSE:HZO - Get Free Report) last announced its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The business had revenue of $563.10 million for the quarter, compared to analysts' expectations of $576.49 million. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The business's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. As a group, analysts expect that MarineMax will post 2.33 EPS for the current fiscal year.

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.