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

by · The Markets Daily

MarineMax, Inc. (NYSE:HZO – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $31.75.

A number of research analysts recently commented on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Weiss Ratings raised shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Truist Financial set a $34.00 price objective on shares of MarineMax in a research report on Tuesday, April 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th.

Get Our Latest Report on MarineMax

MarineMax Stock Down 0.4%

HZO stock opened at $34.81 on Friday. MarineMax has a 52-week low of $21.41 and a 52-week high of $36.25. The company’s 50 day simple moving average is $32.24 and its 200-day simple moving average is $28.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.32. The firm has a market capitalization of $766.84 million, a P/E ratio of -11.84 and a beta of 1.59.

MarineMax (NYSE:HZO – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The business had revenue of $527.41 million for the quarter, compared to analyst estimates of $617.21 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s revenue was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, equities research analysts anticipate that MarineMax will post 0.74 EPS for the current year.

MarineMax declared that its Board of Directors has approved a share buyback plan on Wednesday, March 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 15.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. purchased a new position in MarineMax during the first quarter valued at approximately $4,050,000. Bank of America Corp DE grew its position in MarineMax by 19.8% in the first quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer’s stock worth $4,112,000 after acquiring an additional 25,063 shares in the last quarter. RBF Capital LLC grew its position in MarineMax by 32.8% in the first quarter. RBF Capital LLC now owns 106,830 shares of the specialty retailer’s stock worth $2,891,000 after acquiring an additional 26,410 shares in the last quarter. Empowered Funds LLC grew its position in MarineMax by 9.8% in the first quarter. Empowered Funds LLC now owns 103,784 shares of the specialty retailer’s stock worth $2,808,000 after acquiring an additional 9,262 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in MarineMax by 17.4% in the first quarter. Quantinno Capital Management LP now owns 31,127 shares of the specialty retailer’s stock worth $842,000 after acquiring an additional 4,615 shares in the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

About MarineMax

(Get Free Report)

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.

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