MarineMax, Inc. (NYSE:HZO) Receives Consensus Rating of “Buy” from Brokerages

MarineMax, Inc. (NYSE:HZO) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $41.83.

A number of equities research analysts have recently weighed in on HZO shares. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and lifted their target price for the company from $40.00 to $44.00 in a research note on Monday, September 9th. StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Finally, Benchmark started coverage on shares of MarineMax in a research note on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price on the stock.

Institutional Investors Weigh In On MarineMax

Several hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in MarineMax during the third quarter worth about $236,000. Systematic Financial Management LP bought a new stake in MarineMax during the third quarter worth about $183,000. RBF Capital LLC boosted its stake in MarineMax by 55.9% during the third quarter. RBF Capital LLC now owns 93,544 shares of the specialty retailer’s stock worth $3,299,000 after acquiring an additional 33,544 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in MarineMax during the third quarter worth about $143,000. Finally, Portolan Capital Management LLC bought a new stake in MarineMax during the third quarter worth about $11,271,000. Institutional investors own 92.85% of the company’s stock.

MarineMax Price Performance

Shares of MarineMax stock opened at $31.07 on Wednesday. The firm has a market cap of $702.03 million, a PE ratio of 18.83 and a beta of 1.87. MarineMax has a 12-month low of $22.51 and a 12-month high of $39.85. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $31.04 and its two-hundred day simple moving average is $32.16.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $563.10 million for the quarter, compared to analyst estimates of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. As a group, equities analysts expect that MarineMax will post 2.33 EPS for the current year.

About MarineMax

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.