Brokerages Set MarineMax, Inc. (NYSE:HZO) Price Target at $42.20

Shares of MarineMax, Inc. (NYSE:HZO) have earned an average rating of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $42.20.

A number of analysts recently weighed in on HZO shares. Truist Financial increased their price target on shares of MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus lifted their price target on shares of MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and boosted their price target for the company from $40.00 to $44.00 in a report on Monday, September 9th. StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Finally, B. Riley decreased their target price on MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th.

Institutional Investors Weigh In On MarineMax

Several hedge funds have recently modified their holdings of HZO. Canada Pension Plan Investment Board bought a new stake in shares of MarineMax during the second quarter worth about $52,000. Capstone Investment Advisors LLC acquired a new position in MarineMax in the 4th quarter valued at approximately $220,000. Price T Rowe Associates Inc. MD raised its stake in shares of MarineMax by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock valued at $205,000 after acquiring an additional 924 shares during the last quarter. Versor Investments LP acquired a new position in shares of MarineMax during the fourth quarter worth $284,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of MarineMax by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after purchasing an additional 408 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Stock Performance

Shares of MarineMax stock opened at $33.90 on Monday. The firm has a fifty day moving average of $32.13 and a two-hundred day moving average of $30.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20. The stock has a market capitalization of $756.65 million, a price-to-earnings ratio of 12.28 and a beta of 1.82. MarineMax has a 52 week low of $22.51 and a 52 week high of $39.85.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The business had revenue of $757.72 million during the quarter, compared to the consensus estimate of $720.30 million. During the same quarter in the prior year, the company posted $2.07 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that MarineMax will post 2.33 EPS for the current 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.