MarineMax, Inc. (NYSE:HZO) Holdings Lifted by Shellback Capital LP

Shellback Capital LP grew its stake in MarineMax, Inc. (NYSE:HZO - Free Report) by 44.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,633 shares of the specialty retailer's stock after acquiring an additional 90,476 shares during the quarter. Shellback Capital LP owned about 1.33% of MarineMax worth $9,570,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in shares of 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 acquiring an additional 408 shares during the period. Millennium Management LLC boosted its position in shares of 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 during the period. AQR Capital Management LLC raised its holdings in shares of MarineMax by 43.4% in the 2nd quarter. AQR Capital Management LLC now owns 16,202 shares of the specialty retailer's stock valued at $524,000 after buying an additional 4,905 shares during the period. Marshall Wace LLP purchased a new position in MarineMax during the 2nd quarter valued at about $669,000. Finally, Public Sector Pension Investment Board increased its stake in MarineMax by 7.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 44,654 shares of the specialty retailer's stock worth $1,445,000 after buying an additional 3,273 shares during the period. Hedge funds and other institutional investors own 92.85% of the company's stock.

Wall Street Analyst Weigh In

HZO has been the subject of several analyst reports. DA Davidson upped their price objective on MarineMax from $34.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. StockNews.com lowered MarineMax from a "hold" rating to a "sell" rating in a research note on Tuesday, September 3rd. B. Riley dropped their price target on MarineMax from $48.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Truist Financial raised their target price on shares of MarineMax from $35.00 to $44.00 and gave the company a "buy" rating in a report on Friday, July 26th. Finally, Citigroup raised shares of MarineMax from a "neutral" rating to a "buy" rating and upped their price target for the company from $40.00 to $44.00 in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.20.

MarineMax Stock Up 1.8 %

Shares of NYSE HZO traded up $0.63 during trading on Friday, reaching $35.66. 36,372 shares of the stock were exchanged, compared to its average volume of 316,584. The company has a market capitalization of $795.25 million, a price-to-earnings ratio of 13.06 and a beta of 1.82. MarineMax, Inc. has a twelve month low of $22.51 and a twelve month high of $39.85. The company has a quick ratio of 0.36, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. The business's 50-day moving average price is $32.30 and its 200 day moving average price is $30.93.

MarineMax (NYSE:HZO - Get Free Report) last released its earnings results on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.16. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. The company had revenue of $757.72 million during the quarter, compared to the consensus estimate of $720.30 million. During the same quarter in the previous year, the firm earned $2.07 EPS. The company's revenue was up 5.0% on a year-over-year basis. As a group, equities analysts forecast that MarineMax, Inc. 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.