MarineMax’s (HZO) Buy Rating Reaffirmed at Benchmark

Benchmark restated their buy rating on shares of MarineMax (NYSE:HZO) in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a $40.00 target price on the specialty retailer’s stock.

A number of other brokerages have also recently commented on HZO. DA Davidson decreased their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

MarineMax Price Performance

Shares of NYSE HZO opened at $30.81 on Friday. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $38.20. The stock has a market capitalization of $699.08 million, a price-to-earnings ratio of 18.67 and a beta of 1.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34. The business has a 50-day moving average of $29.64 and a 200-day moving average of $31.23.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. As a group, sell-side analysts predict that MarineMax will post 2.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in 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. Private Management Group Inc. lifted its stake in shares of MarineMax by 11.5% during the 3rd quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock valued at $18,835,000 after buying an additional 55,033 shares in the last quarter. Millennium Management LLC boosted its holdings in MarineMax by 22.7% in the 2nd quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock worth $13,012,000 after buying an additional 74,451 shares during the period. Royce & Associates LP raised its holdings in MarineMax by 45.2% during the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after acquiring an additional 114,880 shares during the period. Finally, Portolan Capital Management LLC bought a new position in shares of MarineMax in the third quarter worth $11,271,000. Institutional investors own 92.85% of the company’s stock.

About MarineMax

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.