MarineMax (NYSE:HZO) Hits New 52-Week High – What’s Next?

MarineMax, Inc. (NYSE:HZO)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $36.34 and last traded at $36.35, with a volume of 20324 shares trading hands. The stock had previously closed at $34.79.

Analyst Ratings Changes

A number of research firms have recently weighed in on HZO. Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Truist Financial set a $34.00 price objective on shares of MarineMax in a report on Tuesday, April 21st. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Five investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.75.

MarineMax Trading Down 0.2%

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 simple moving average of $32.87 and a 200-day simple moving average of $29.17. The company has a market cap of $814.88 million, a PE ratio of -12.58 and a beta of 1.59.

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

MarineMax declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 4th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to repurchase up to 15.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of MarineMax

Institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. acquired a new stake in shares of MarineMax during the first quarter worth about $4,050,000. Bank of America Corp DE grew its holdings in shares of MarineMax by 19.8% in the first quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer’s stock valued at $4,112,000 after purchasing an additional 25,063 shares in the last quarter. RBF Capital LLC grew its holdings in shares of MarineMax by 32.8% in the first quarter. RBF Capital LLC now owns 106,830 shares of the specialty retailer’s stock valued at $2,891,000 after purchasing an additional 26,410 shares in the last quarter. Empowered Funds LLC increased its stake in MarineMax by 9.8% during the 1st quarter. Empowered Funds LLC now owns 103,784 shares of the specialty retailer’s stock worth $2,808,000 after buying an additional 9,262 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in MarineMax by 17.4% during the 1st quarter. Quantinno Capital Management LP now owns 31,127 shares of the specialty retailer’s stock worth $842,000 after buying an additional 4,615 shares in the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

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.