Analysts Set MarineMax, Inc. (NYSE:HZO) Target Price at $43.00

Shares of MarineMax, Inc. (NYSE:HZO) have earned an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.00.

A number of brokerages have weighed in on HZO. B. Riley Financial lowered shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Tuesday, July 21st. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Benchmark lowered MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Loop Capital downgraded MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Tuesday, August 11th. Finally, Northcoast Research lowered MarineMax from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HZO. BlackRock Inc. acquired a new stake in MarineMax in the 2nd quarter valued at $116,412,000. California State Teachers Retirement System lifted its stake in shares of MarineMax by 4,112.8% during the second quarter. California State Teachers Retirement System now owns 774,696 shares of the specialty retailer’s stock worth $28,369,000 after purchasing an additional 756,307 shares in the last quarter. Invesco Ltd. lifted its stake in shares of MarineMax by 115.6% during the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after purchasing an additional 383,926 shares in the last quarter. CenterBook Partners LP boosted its position in shares of MarineMax by 74.7% in the fourth quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock worth $12,901,000 after buying an additional 227,734 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of MarineMax by 857,142.9% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock worth $4,871,000 after buying an additional 180,000 shares during the period. 92.85% of the stock is owned by institutional investors and hedge funds.

MarineMax Trading Up 0.1%

NYSE HZO opened at $52.24 on Friday. The company has a market cap of $1.15 billion, a P/E ratio of 373.18 and a beta of 1.66. MarineMax has a 12 month low of $21.42 and a 12 month high of $52.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The company has a 50-day moving average of $43.15 and a 200-day moving average of $35.19.

MarineMax (NYSE:HZO) last released 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 return on equity of 1.51% and a net margin of 0.18%.The company had revenue of $611.26 million during the quarter, compared to analyst estimates of $682.29 million. During the same period in the prior year, the business posted ($2.42) earnings per share. MarineMax’s 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 analysts predict that MarineMax will post 0.69 earnings per share for the current year.

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.