StockNews.com Upgrades MarineMax (NYSE:HZO) to Hold

StockNews.com upgraded shares of MarineMax (NYSE:HZO) from a sell rating to a hold rating in a research note published on Monday.

Other equities analysts have also issued reports about the company. B. Riley cut their price target on MarineMax from $48.00 to $46.00 and set a buy rating for the company in a report on Wednesday, July 10th. DA Davidson raised their price target on MarineMax from $34.00 to $37.00 and gave the stock a buy rating in a report on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on MarineMax from $35.00 to $40.00 and gave the company a buy rating in a research note on Friday, July 12th. Finally, Truist Financial lifted their price objective on MarineMax from $35.00 to $44.00 and gave the company a buy rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $41.75.

MarineMax Price Performance

Shares of NYSE HZO opened at $32.70 on Monday. The stock has a fifty day simple moving average of $32.98 and a two-hundred day simple moving average of $30.89. MarineMax has a 1-year low of $22.51 and a 1-year high of $39.85. The firm has a market cap of $729.24 million, a price-to-earnings ratio of 11.85 and a beta of 1.83. The company has a current ratio of 1.20, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.16. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The business had revenue of $757.72 million during the quarter, compared to analyst estimates of $720.30 million. During the same period in the prior year, the company earned $2.07 earnings per share. MarineMax’s revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that MarineMax will post 2.33 earnings per share for the current year.

Insider Buying and Selling at MarineMax

In other MarineMax news, insider Kyle Langbehn 10,000 shares of the company’s stock in a transaction dated Monday, July 29th. The was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On MarineMax

A number of large investors have recently added to or reduced their stakes in HZO. Bfsg LLC purchased a new position in shares of MarineMax in the fourth quarter worth about $133,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MarineMax by 25.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the specialty retailer’s stock worth $135,000 after buying an additional 696 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of MarineMax by 17.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock worth $205,000 after buying an additional 924 shares during the period. Arizona State Retirement System purchased a new position in shares of MarineMax in the fourth quarter worth about $214,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of MarineMax in the fourth quarter worth about $220,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.