MarineMax (NYSE:HZO) Given New $35.00 Price Target at DA Davidson

MarineMax (NYSE:HZO) had its target price decreased by DA Davidson from $38.00 to $35.00 in a report released on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the specialty retailer’s stock.

Several other research firms have also commented on HZO. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Benchmark started coverage on shares of MarineMax in a report on Tuesday, October 15th. They set a “buy” rating and a $40.00 price target for the company. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, MarineMax currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

MarineMax Trading Down 2.8 %

Shares of HZO opened at $27.79 on Wednesday. MarineMax has a twelve month low of $22.51 and a twelve month high of $38.20. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $630.53 million, a P/E ratio of 16.84 and a beta of 1.89. The firm’s 50-day moving average is $29.62 and its two-hundred day moving average is $31.24.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $563.10 million for the quarter, compared to analysts’ expectations of $576.49 million. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, research analysts predict that MarineMax will post 2.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of MarineMax by 8.3% during 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 buying an additional 110,601 shares during the period. Canada Pension Plan Investment Board purchased a new stake in MarineMax during the second quarter valued at about $52,000. Public Sector Pension Investment Board increased its stake in 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 purchased a new position in shares of MarineMax in the 2nd quarter worth about $669,000. Finally, AQR Capital Management LLC lifted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds 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.