MarineMax (NYSE:HZO) Upgraded at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of MarineMax (NYSE:HZO – Free Report) from a sell rating to a hold rating in a research note issued to investors on Monday.

Several other equities analysts have also recently weighed in on the stock. Benchmark started coverage on shares of MarineMax in a research note on Tuesday, October 15th. They set a “buy” rating and a $40.00 price target for the company. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and raised their target price for the company from $40.00 to $44.00 in a research report on Monday, September 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.83.

Get Our Latest Stock Report on MarineMax

MarineMax Trading Down 2.2 %

Shares of MarineMax stock opened at $31.01 on Monday. MarineMax has a 12-month low of $22.51 and a 12-month high of $39.85. The stock has a market capitalization of $700.52 million, a P/E ratio of 18.79 and a beta of 1.87. The company has a 50-day simple moving average of $31.03 and a 200 day simple moving average of $32.02. 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 (NYSE:HZO – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $563.10 million during 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 business posted $0.69 earnings per share. Research analysts expect that MarineMax will post 2.33 earnings per share for the current fiscal year.

Institutional Trading of MarineMax

Hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in MarineMax during the 2nd quarter worth approximately $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MarineMax during the third quarter worth $67,000. Point72 Asset Management L.P. acquired a new position in shares of MarineMax during the third quarter worth $143,000. Bfsg LLC grew its stake in shares of MarineMax by 19.1% in the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 681 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in MarineMax in the third quarter valued at $183,000. 92.85% of the stock is owned by institutional investors and hedge funds.

About MarineMax

(Get Free Report)

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.

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