Analysts Set MarineMax, Inc. (NYSE:HZO) Target Price at $41.83

Shares of MarineMax, Inc. (NYSE:HZO) have been given a consensus recommendation of “Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $41.83.

A number of equities research analysts have weighed in on the stock. Benchmark assumed coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective on the stock. StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th.

Hedge Funds Weigh In On MarineMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new position in shares of MarineMax in the second quarter worth $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in MarineMax in the 3rd quarter worth about $67,000. Point72 Asset Management L.P. bought a new position in MarineMax during the 3rd quarter valued at about $143,000. Bfsg LLC boosted its holdings in shares of MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 681 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of MarineMax in the third quarter worth approximately $183,000. 92.85% of the stock is owned by institutional investors.

MarineMax Trading Down 0.8 %

HZO opened at $27.52 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. MarineMax has a 52 week low of $22.51 and a 52 week high of $38.20. The stock has a market cap of $624.39 million, a PE ratio of 16.68 and a beta of 1.89. The business has a 50 day moving average of $29.86 and a 200-day moving average of $31.29.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $563.10 million for the quarter, compared to analysts’ expectations of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. Equities research analysts predict that MarineMax will post 2.25 earnings per share for the current fiscal 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.