MarineMax (NYSE:HZO) PT Raised to $40.00

MarineMax (NYSE:HZO) had its price objective lifted by equities researchers at Stifel Nicolaus from $35.00 to $40.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Stifel Nicolaus’ price target indicates a potential upside of 10.07% from the stock’s previous close.

Several other equities analysts have also issued reports on HZO. Truist Financial dropped their price target on MarineMax from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. B. Riley cut their target price on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $34.00 price target on shares of MarineMax in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.75.

MarineMax Stock Up 0.7 %

Shares of NYSE HZO opened at $36.34 on Friday. The company’s 50 day moving average price is $30.73 and its 200-day moving average price is $31.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.34 and a current ratio of 1.24. MarineMax has a 52-week low of $22.51 and a 52-week high of $42.88. The company has a market capitalization of $810.42 million, a P/E ratio of 13.17 and a beta of 1.83.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The firm had revenue of $582.90 million for the quarter, compared to the consensus estimate of $590.19 million. During the same period last year, the company posted $1.23 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Equities analysts forecast that MarineMax will post 2.26 earnings per share for the current year.

Institutional Trading of MarineMax

Several hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its holdings in shares of MarineMax by 25.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 92,191 shares of the specialty retailer’s stock valued at $3,586,000 after buying an additional 18,484 shares during the last quarter. Arizona State Retirement System purchased a new stake in shares of MarineMax during the 4th quarter worth approximately $214,000. Louisiana State Employees Retirement System bought a new stake in shares of MarineMax in the 4th quarter worth approximately $389,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MarineMax by 25.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 696 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in MarineMax by 175.9% during the fourth quarter. New York State Common Retirement Fund now owns 21,596 shares of the specialty retailer’s stock valued at $840,000 after purchasing an additional 13,769 shares during the period. Institutional investors and hedge funds 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.