MarineMax, Inc. (NYSE:HZO) Given Consensus Rating of “Moderate Buy” by Analysts

MarineMax, Inc. (NYSE:HZO) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $33.00.

Several brokerages have weighed in on HZO. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Truist Financial upped their price target on shares of MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Loop Capital initiated coverage on shares of MarineMax in a research report on Monday, December 22nd. They set a “buy” rating and a $29.00 price target for the company. Finally, Zacks Research lowered shares of MarineMax from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd.

MarineMax Price Performance

HZO stock opened at $24.22 on Friday. The firm has a market cap of $529.69 million, a P/E ratio of -15.63 and a beta of 1.64. The firm’s fifty day moving average is $24.24 and its 200 day moving average is $25.13. MarineMax has a 52 week low of $16.85 and a 52 week high of $33.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.32 and a current ratio of 1.20.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HZO. Boothbay Fund Management LLC bought a new position in MarineMax during the 3rd quarter valued at approximately $17,372,000. Divisadero Street Capital Management LP purchased a new position in shares of MarineMax during the third quarter valued at approximately $16,620,000. Invesco Ltd. raised its holdings in shares of MarineMax by 115.6% during the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after acquiring an additional 383,926 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of MarineMax by 16.6% during the second quarter. American Century Companies Inc. now owns 2,432,173 shares of the specialty retailer’s stock valued at $61,145,000 after acquiring an additional 345,833 shares in the last quarter. Finally, Gagnon Securities LLC purchased a new stake in MarineMax in the third quarter worth $6,620,000. Hedge funds and other institutional investors 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.