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

MarineMax, Inc. (NYSE:HZO) has received an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $38.50.

Several research firms have issued reports on HZO. Truist Financial cut their target price on MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research note on Friday, January 24th. DA Davidson dropped their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th.

MarineMax Stock Down 2.3 %

NYSE:HZO opened at $18.37 on Tuesday. The company has a market cap of $417.13 million, a price-to-earnings ratio of 7.72 and a beta of 1.83. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. MarineMax has a twelve month low of $16.85 and a twelve month high of $38.20. The stock has a fifty day simple moving average of $22.88 and a 200-day simple moving average of $27.53.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. Analysts anticipate that MarineMax will post 2.41 EPS for the current year.

Insider Buying and Selling at MarineMax

In other news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the transaction, the chief accounting officer now owns 11,451 shares of the company’s stock, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Clint Moore sold 4,100 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the sale, the director now owns 23,560 shares of the company’s stock, valued at $721,642.80. This represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MarineMax

Several large investors have recently made changes to their positions in HZO. American Century Companies Inc. grew its holdings in shares of MarineMax by 2.8% in the fourth quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer’s stock valued at $58,840,000 after purchasing an additional 55,592 shares in the last quarter. Vanguard Group Inc. lifted its holdings in MarineMax by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer’s stock worth $43,280,000 after buying an additional 20,909 shares during the last quarter. Royce & Associates LP lifted its stake in MarineMax by 11.7% during the fourth quarter. Royce & Associates LP now owns 412,156 shares of the specialty retailer’s stock worth $11,932,000 after purchasing an additional 43,330 shares during the last quarter. Levin Capital Strategies L.P. boosted its holdings in shares of MarineMax by 1.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 357,311 shares of the specialty retailer’s stock valued at $10,344,000 after buying an additional 4,480 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in MarineMax by 17.3% in the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer’s stock valued at $10,060,000 after acquiring an additional 51,352 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

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.