MarineMax, Inc. (NYSE:HZO) Receives $31.80 Average Price Target from Analysts

Shares of MarineMax, Inc. (NYSE:HZO) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.80.

Several equities analysts have commented on the stock. Citigroup reiterated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Zacks Research raised shares of MarineMax from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Truist Financial set a $34.00 price target on shares of MarineMax in a research note on Tuesday, April 21st. Benchmark reissued a “buy” rating on shares of MarineMax in a report on Friday, January 30th. Finally, National Bank Financial set a $35.00 price objective on MarineMax in a report on Friday, January 30th.

Institutional Investors Weigh In On MarineMax

A number of institutional investors have recently modified their holdings of HZO. Nisa Investment Advisors LLC increased its position in MarineMax by 54.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 374 shares during the period. Russell Investments Group Ltd. boosted its holdings in MarineMax by 93.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 808 shares during the period. Fifth Third Bancorp boosted its holdings in MarineMax by 3,613.3% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 4,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MarineMax by 129.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of MarineMax during the first quarter worth approximately $168,000. Institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

HZO opened at $31.26 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. MarineMax has a 12-month low of $20.52 and a 12-month high of $32.00. The business has a 50 day moving average of $28.02 and a 200-day moving average of $26.65. The stock has a market cap of $688.55 million, a price-to-earnings ratio of -10.63 and a beta of 1.55.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The business had revenue of $527.41 million for the quarter, compared to analyst estimates of $617.21 million. During the same period in the previous year, the firm earned $0.23 EPS. The firm’s revenue was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities research analysts expect that MarineMax will post 0.74 earnings per share for the current year.

MarineMax declared that its board has authorized a stock repurchase program on Wednesday, March 4th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 15.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.