MarineMax (NYSE:HZO) Downgraded by Northcoast Research to “Hold”

MarineMax (NYSE:HZO) was downgraded by investment analysts at Northcoast Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the stock. Benchmark cut shares of MarineMax from a “buy” rating to a “hold” rating in a report on Monday. B. Riley Financial lowered 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, July 21st. Truist Financial reissued a “hold” rating and issued a $53.00 target price (up from $39.00) on shares of MarineMax in a research note on Wednesday. Weiss Ratings raised shares of MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of MarineMax in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.00.

MarineMax Price Performance

Shares of HZO opened at $52.18 on Wednesday. MarineMax has a 1 year low of $21.42 and a 1 year high of $52.46. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 372.71 and a beta of 1.58. The business has a 50-day moving average of $35.88 and a 200-day moving average of $31.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The company had revenue of $611.26 million for the quarter, compared to analysts’ expectations of $682.29 million. During the same period in the previous year, the firm earned ($2.42) EPS. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, equities research analysts anticipate that MarineMax will post 0.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position in shares of MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 808 shares during the last quarter. GAMMA Investing LLC increased its holdings in MarineMax by 22.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock valued at $71,000 after purchasing an additional 360 shares in the last quarter. Fifth Third Bancorp raised 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 purchasing an additional 4,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MarineMax by 129.3% during the third 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 stake in shares of MarineMax in the 1st quarter valued at approximately $168,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

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.