MarineMax (NYSE:HZO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

MarineMax, Inc. (NYSE:HZO) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.56 and traded as high as $29.51. MarineMax shares last traded at $28.6670, with a volume of 412,729 shares trading hands.

Wall Street Analyst Weigh In

HZO has been the topic of several research analyst reports. Wall Street Zen raised shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. National Bank Financial set a $35.00 price objective on MarineMax in a research report on Friday, January 30th. Zacks Research raised MarineMax from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Truist Financial upped their price target on MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.80.

MarineMax Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37. The company has a market cap of $631.53 million, a price-to-earnings ratio of -10.70 and a beta of 1.69. The stock has a 50 day moving average price of $26.62 and a two-hundred day moving average price of $25.56.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, January 29th. The specialty retailer reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). MarineMax had a negative net margin of 2.46% and a positive return on equity of 1.13%. The company had revenue of $505.18 million during the quarter, compared to the consensus estimate of $481.67 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts predict that MarineMax, Inc. will post 2.41 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Levin Capital Strategies L.P. increased its stake in MarineMax by 44.5% in the second quarter. Levin Capital Strategies L.P. now owns 734,279 shares of the specialty retailer’s stock valued at $18,460,000 after purchasing an additional 225,992 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of MarineMax in the 2nd quarter valued at $392,000. Permanent Capital Management LP bought a new stake in shares of MarineMax in the 3rd quarter valued at $1,072,000. Corient Private Wealth LLC acquired a new stake in MarineMax during the 2nd quarter worth $2,777,000. Finally, Private Management Group Inc. lifted its holdings in MarineMax by 4.3% during the second quarter. Private Management Group Inc. now owns 583,220 shares of the specialty retailer’s stock worth $14,662,000 after acquiring an additional 24,124 shares in 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.