MarineMax (NYSE:HZO) Trading Up 7.8% – Time to Buy?

Shares of MarineMax, Inc. (NYSE:HZO) rose 7.8% on Friday . The stock traded as high as $34.90 and last traded at $36.18. 169,735 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 373,498 shares. The stock had previously closed at $33.57.

Key Stories Impacting MarineMax

Here are the key news stories impacting MarineMax this week:

• Positive Sentiment: Reuters reported that Blackstone and Donerail are among the final bidders for MarineMax as the company explores a sale. Potential acquisition interest can lift shares on the chance of a premium buyout offer. Reuters article
• Positive Sentiment: MarineMax’s fiscal third-quarter results showed improving profitability trends, with gross margin rising sharply to 35.7% thanks to better boat margins and growth in higher-margin businesses. Business Wire article
• Neutral Sentiment: Management updated FY 2026 EPS guidance to $0.40-$0.95, which brackets Wall Street expectations and does not signal a major immediate surprise. Business Wire article
• Neutral Sentiment: The company’s quarter still showed soft top-line performance, with revenue of $611.3 million below analyst expectations and down 7% year over year, suggesting demand remains uneven. Business Wire article
• Negative Sentiment: Adjusted earnings of $0.81 per share only matched or slightly missed estimates, which may limit upside from the earnings report alone. Business Wire article

Wall Street Analyst Weigh In

A number of research analysts have commented on HZO shares. Northcoast Research set a $39.00 target price on shares of MarineMax in a research report on Friday. Truist Financial increased their price objective on shares of MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. B. Riley Financial downgraded shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Tuesday. Finally, Citigroup restated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.40.

MarineMax Trading Up 8.4%

The company has a 50 day simple moving average of $34.59 and a two-hundred day simple moving average of $30.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.32 and a current ratio of 1.23. The firm has a market cap of $801.69 million, a PE ratio of 259.94 and a beta of 1.58.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $611.26 million for the quarter, compared to analyst estimates of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.42) earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Analysts expect that MarineMax, Inc. will post 0.67 EPS for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in shares of MarineMax by 54.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after buying an additional 374 shares during the last quarter. Russell Investments Group Ltd. raised its position in MarineMax by 93.5% during the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 808 shares in the last quarter. GAMMA Investing LLC raised its position in MarineMax by 22.8% during the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock valued at $71,000 after acquiring an additional 360 shares in the last quarter. Fifth Third Bancorp lifted its holdings in MarineMax by 3,613.3% in the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 4,083 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MarineMax by 129.3% in 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. Hedge funds and other institutional investors own 92.85% of the company’s stock.

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.