MarineMax (NYSE:HZO) Stock Price Up 8.1% – Here’s What Happened

MarineMax, Inc. (NYSE:HZO) shot up 8.1% during trading on Monday . The stock traded as high as $25.65 and last traded at $25.76. 35,965 shares traded hands during trading, a decline of 90% from the average session volume of 344,810 shares. The stock had previously closed at $23.82.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HZO. Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Zacks Research cut shares of MarineMax from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Finally, Truist Financial upped their price objective on shares of MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.00.

MarineMax Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.20 and a quick ratio of 0.32. The stock has a market capitalization of $556.37 million, a price-to-earnings ratio of -16.34 and a beta of 1.66. The business’s fifty day moving average price is $24.64 and its 200-day moving average price is $24.91.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, November 13th. The specialty retailer reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.11. MarineMax had a positive return on equity of 2.00% and a negative net margin of 1.37%.The firm had revenue of $552.15 million during the quarter, compared to analyst estimates of $533.05 million. During the same period in the previous year, the company posted $0.24 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, research analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Acuitas Investments LLC increased its stake in MarineMax by 24.9% in the 3rd quarter. Acuitas Investments LLC now owns 131,538 shares of the specialty retailer’s stock valued at $3,332,000 after buying an additional 26,257 shares during the last quarter. Caxton Associates LLP raised its stake in shares of MarineMax by 16.0% during the 3rd quarter. Caxton Associates LLP now owns 52,820 shares of the specialty retailer’s stock worth $1,338,000 after purchasing an additional 7,280 shares during the period. Verition Fund Management LLC boosted its holdings in shares of MarineMax by 8.7% in the 3rd quarter. Verition Fund Management LLC now owns 15,794 shares of the specialty retailer’s stock worth $400,000 after buying an additional 1,261 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in MarineMax during the third quarter valued at about $16,620,000. Finally, Boothbay Fund Management LLC purchased a new position in MarineMax in the third quarter valued at about $17,372,000. 92.85% of the stock is owned by institutional investors.

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.