MarineMax (NYSE:HZO) Shares Gap Up – Still a Buy?

Shares of MarineMax, Inc. (NYSE:HZO) gapped up before the market opened on Tuesday . The stock had previously closed at $24.68, but opened at $25.43. MarineMax shares last traded at $24.72, with a volume of 14,107 shares changing hands.

Analysts Set New Price Targets

HZO has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Loop Capital initiated coverage on MarineMax in a research report on Monday. They set a “buy” rating and a $29.00 price objective on the stock. Truist Financial lifted 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. Finally, Zacks Research lowered MarineMax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.00.

MarineMax Trading Up 1.6%

The company’s 50-day moving average price is $24.52 and its 200-day moving average price is $25.14. The company has a quick ratio of 0.32, a current ratio of 1.20 and a debt-to-equity ratio of 0.38. The firm has a market cap of $548.50 million, a price-to-earnings ratio of -16.30 and a beta of 1.66.

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

Hedge Funds Weigh In On MarineMax

A number of institutional investors and hedge funds have recently modified their holdings of HZO. Rhumbline Advisers lifted its holdings in shares of MarineMax by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 65,383 shares of the specialty retailer’s stock valued at $1,656,000 after purchasing an additional 439 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of MarineMax by 52.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 466 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock worth $278,000 after buying an additional 546 shares during the period. Police & Firemen s Retirement System of New Jersey increased its position in shares of MarineMax by 12.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 567 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of MarineMax by 3.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 22,400 shares of the specialty retailer’s stock valued at $563,000 after purchasing an additional 646 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.