MarineMax, Inc. (NYSE:HZO) Stock Now Rated “Hold” by Sell-Side Analysts

MarineMax, Inc. (NYSE:HZO) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $44.67.

HZO has been the subject of several research analyst reports. Weiss Ratings raised shares of MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Citigroup cut shares of MarineMax from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $41.00 to $53.00 in a research note on Friday. Loop Capital downgraded MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a report on Tuesday, August 11th. Benchmark lowered MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, B. Riley Financial cut MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Tuesday, July 21st.

MarineMax Stock Up 0.1%

HZO opened at $52.41 on Tuesday. 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 stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 374.36 and a beta of 1.70. The business has a 50-day moving average of $49.19 and a two-hundred day moving average of $38.09. MarineMax has a 12 month low of $21.42 and a 12 month high of $52.56.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $682.29 million. During the same period in the prior year, the company earned ($2.42) EPS. The company’s revenue was down 7.0% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, research analysts expect that MarineMax will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On MarineMax

Several hedge funds and other institutional investors have recently modified their holdings of HZO. BlackRock Inc. purchased a new position in MarineMax in the second quarter valued at approximately $116,412,000. Boothbay Fund Management LLC grew its stake in MarineMax by 13.0% during the fourth quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer’s stock worth $18,776,000 after buying an additional 89,080 shares during the period. CenterBook Partners LP grew its stake in MarineMax by 74.7% during 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. Gagnon Securities LLC increased its position in shares of MarineMax by 23.2% in the fourth quarter. Gagnon Securities LLC now owns 322,053 shares of the specialty retailer’s stock worth $7,803,000 after acquiring an additional 60,704 shares in the last quarter. Finally, De Lisle Partners LLP acquired a new stake in shares of MarineMax in the second quarter worth $6,170,000. 92.85% of the stock is owned by institutional investors and hedge funds.

About MarineMax

MarineMax, Inc is a recreational boat and yacht retailer headquartered in Clearwater, Florida. Founded in 1998, the company sells new and pre-owned boats, yachts and related marine products through a network of dealerships and other locations in the United States.

MarineMax represents a range of marine brands and offers products spanning smaller recreational boats, luxury yachts and larger vessels. Its services include boat brokerage, financing and insurance assistance, maintenance and repair, storage, and other support services for boat owners.