MarineMax (NYSE:HZO) Research Coverage Started at Benchmark

Benchmark initiated coverage on shares of MarineMax (NYSE:HZO - Free Report) in a research report report published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $40.00 target price on the specialty retailer's stock.

A number of other research analysts also recently commented on the stock. Citigroup raised shares of MarineMax from a neutral rating to a buy rating and increased their target price for the company from $40.00 to $44.00 in a research report on Monday, September 9th. Truist Financial boosted their target price on MarineMax from $35.00 to $44.00 and gave the company a buy rating in a report on Friday, July 26th. DA Davidson raised their price target on MarineMax from $34.00 to $37.00 and gave the stock a buy rating in a research note on Wednesday, July 24th. B. Riley reduced their price objective on MarineMax from $48.00 to $46.00 and set a buy rating for the company in a research note on Wednesday, July 10th. Finally, StockNews.com lowered shares of MarineMax from a hold rating to a sell rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $41.83.

MarineMax Stock Up 0.4 %

Shares of NYSE:HZO traded up $0.13 during trading on Tuesday, hitting $33.26. The company's stock had a trading volume of 246,730 shares, compared to its average volume of 314,452. The company has a market capitalization of $741.73 million, a PE ratio of 12.14 and a beta of 1.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The business has a 50 day moving average price of $31.82 and a two-hundred day moving average price of $31.02.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.16. The business had revenue of $757.72 million during the quarter, compared to the consensus estimate of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 earnings per share. As a group, research analysts expect that MarineMax will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in MarineMax by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer's stock valued at $267,000 after purchasing an additional 408 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in MarineMax by 3.3% in the first quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer's stock valued at $553,000 after acquiring an additional 529 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of MarineMax by 3.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 17,628 shares of the specialty retailer's stock worth $586,000 after purchasing an additional 536 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of MarineMax by 2.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer's stock valued at $652,000 after purchasing an additional 567 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of MarineMax by 1.8% in the 1st quarter. Swiss National Bank now owns 39,600 shares of the specialty retailer's stock valued at $1,317,000 after purchasing an additional 700 shares in the last quarter. 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.