MarineMax, Inc. (NYSE:HZO) Stock Has Average Price Target of $44.67 According to Brokerages

MarineMax, Inc. (NYSE:HZO) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $44.67.

A number of brokerages have issued reports on HZO. B. Riley Financial downgraded MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Tuesday, July 21st. Benchmark downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Citigroup lowered shares of MarineMax from a “buy” rating to a “neutral” rating and boosted their target price for the company from $41.00 to $53.00 in a report on Friday, October 2nd. Loop Capital downgraded shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th.

MarineMax Stock Down 0.2%

HZO stock opened at $52.51 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $52.31 and a two-hundred day moving average of $36.72. MarineMax has a 12 month low of $21.42 and a 12 month high of $52.65. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 375.04 and a beta of 1.70.

Hedge Funds Weigh In On MarineMax

Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in shares of MarineMax during the 2nd quarter worth $59,000. Nisa Investment Advisors LLC raised its holdings in MarineMax by 42.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,754 shares of the specialty retailer’s stock valued at $92,000 after buying an additional 519 shares during the period. GAMMA Investing LLC lifted its position in MarineMax by 22.8% in the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock valued at $71,000 after buying an additional 360 shares during the last quarter. Fifth Third Bancorp lifted its position 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 buying an additional 4,083 shares during the last quarter. Finally, Yousif Capital Management LLC acquired a new position in MarineMax in the third quarter valued at about $260,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht retailer based in Clearwater, Florida. The company sells new and pre-owned powerboats, sailboats, yachts and related marine products through a network of dealerships and brokerage operations.

In addition to boat sales, MarineMax provides maintenance, repair, storage, parts and other marina services. It also offers financing and insurance products through third-party relationships, as well as charter, yacht-management and boating-lifestyle services through its affiliated businesses.

MarineMax serves customers primarily in the United States, with operations concentrated in boating markets including Florida, the Northeast, the Midwest and other coastal and inland regions.