Prescott Group Capital Management L.L.C. Has $3.21 Million Stake in MarineMax, Inc. $HZO

Prescott Group Capital Management L.L.C. raised its position in MarineMax, Inc. (NYSE:HZO) by 64.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,601 shares of the specialty retailer’s stock after purchasing an additional 51,808 shares during the quarter. Prescott Group Capital Management L.L.C. owned 0.60% of MarineMax worth $3,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of MarineMax by 54.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 374 shares during the period. Russell Investments Group Ltd. raised its stake in shares of 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. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MarineMax by 129.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 2,996 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of MarineMax in the 1st quarter valued at about $168,000. Finally, Rafferty Asset Management LLC acquired a new stake in shares of MarineMax in the 2nd quarter valued at about $235,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

Analysts Set New Price Targets

HZO has been the topic of several analyst reports. Citigroup reiterated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Truist Financial set a $34.00 price target on MarineMax in a research note on Tuesday, April 21st. National Bank Financial set a $35.00 price target on MarineMax in a research note on Friday, January 30th. Benchmark restated a “buy” rating on shares of MarineMax in a research note on Friday, January 30th. Finally, B. Riley Financial restated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.80.

MarineMax Stock Up 6.1%

HZO stock opened at $33.51 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $28.79 and a two-hundred day moving average price of $27.15. The company has a market cap of $738.29 million, a price-to-earnings ratio of -11.40 and a beta of 1.55. MarineMax, Inc. has a twelve month low of $20.52 and a twelve month high of $34.61.

MarineMax (NYSE:HZO) last announced its quarterly 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. The firm had revenue of $527.41 million for the quarter, compared to the consensus estimate of $617.21 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The business’s revenue was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Analysts anticipate that MarineMax, Inc. will post 0.74 EPS for the current fiscal year.

MarineMax declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 4th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 15.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

About MarineMax

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.