MarineMax (NYSE:HZO) Stock Rating Upgraded by StockNews.com

MarineMax (NYSE:HZO) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research firms have also recently commented on HZO. DA Davidson lowered their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of MarineMax in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

MarineMax Stock Down 4.8 %

Shares of MarineMax stock traded down $1.56 during trading hours on Friday, reaching $30.81. 469,084 shares of the company were exchanged, compared to its average volume of 295,586. The firm has a market cap of $699.08 million, a PE ratio of 18.67 and a beta of 1.89. The stock’s fifty day moving average is $29.64 and its 200 day moving average is $31.23. MarineMax has a 1 year low of $22.51 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. As a group, equities research analysts forecast that MarineMax will post 2.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of MarineMax by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock valued at $46,767,000 after purchasing an additional 110,601 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of MarineMax in the second quarter valued at approximately $52,000. Public Sector Pension Investment Board grew its position in shares of MarineMax by 7.9% during the second quarter. Public Sector Pension Investment Board now owns 44,654 shares of the specialty retailer’s stock worth $1,445,000 after acquiring an additional 3,273 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of MarineMax in the 2nd quarter valued at $669,000. Finally, AQR Capital Management LLC raised its position in MarineMax by 43.4% in the 2nd quarter. AQR Capital Management LLC now owns 16,202 shares of the specialty retailer’s stock valued at $524,000 after purchasing an additional 4,905 shares during the last quarter. 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.