MarineMax, Inc. (NYSE:HZO) Receives Average Rating of “Buy” from Analysts

Shares of MarineMax, Inc. (NYSE:HZO) have received a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued a report on the stock in the last year is $41.83.

Several research analysts have recently commented on HZO shares. Benchmark began coverage on MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target for the company. StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a research note on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in MarineMax by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after acquiring an additional 408 shares during the last quarter. Bfsg LLC raised 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. JPMorgan Chase & Co. lifted its holdings in shares of MarineMax by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after purchasing an additional 905 shares during the period. Empowered Funds LLC boosted its position in MarineMax by 5.3% in the third quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer’s stock valued at $757,000 after buying an additional 1,072 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in MarineMax by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 20,066 shares of the specialty retailer’s stock worth $707,000 after buying an additional 1,319 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

HZO stock opened at $26.50 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34. MarineMax has a 1-year low of $22.51 and a 1-year high of $38.20. The business has a 50-day moving average price of $30.16 and a 200 day moving average price of $31.43. The company has a market capitalization of $598.77 million, a P/E ratio of 16.06 and a beta of 1.89.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (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 the consensus estimate 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 period last year, the firm earned $0.69 earnings per share. As a group, equities research analysts forecast that MarineMax will post 2.33 EPS for the current fiscal year.

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.