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

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) have been assigned an average recommendation of "Buy" from the six ratings firms that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $41.83.

Several research analysts have recently issued reports on the stock. Citigroup upgraded shares of MarineMax from a "neutral" rating to a "buy" rating and increased their price objective for the company from $40.00 to $44.00 in a report on Monday, September 9th. StockNews.com upgraded MarineMax from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Finally, Benchmark started coverage on MarineMax in a report on Tuesday, October 15th. They issued a "buy" rating and a $40.00 price objective for the company.

MarineMax Stock Performance

NYSE HZO traded down $1.90 on Wednesday, hitting $29.17. The stock had a trading volume of 177,618 shares, compared to its average volume of 297,373. The company's 50-day moving average is $31.04 and its two-hundred day moving average is $32.16. The stock has a market cap of $659.10 million, a price-to-earnings ratio of 17.68 and a beta of 1.87. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. MarineMax has a one year low of $22.51 and a one year high of $39.85.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. The company had revenue of $563.10 million for 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%. The company's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. On average, analysts expect that MarineMax will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On MarineMax

Institutional investors have recently bought and sold shares of the stock. Portolan Capital Management LLC purchased a new stake in shares of MarineMax in the third quarter valued at $11,271,000. Algert Global LLC acquired a new stake in MarineMax during the 3rd quarter worth about $4,949,000. Concentric Capital Strategies LP purchased a new position in MarineMax during the 3rd quarter valued at about $4,832,000. Royce & Associates LP increased its holdings in shares of MarineMax by 45.2% in the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer's stock valued at $13,008,000 after purchasing an additional 114,880 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of MarineMax by 8.3% in the 2nd 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 period. Hedge funds and other institutional investors own 92.85% of the company's stock.

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.