MarineMax, Inc. (NYSE:HZO) Given Average Rating of “Buy” by Brokerages

Shares of MarineMax, Inc. (NYSE:HZOGet Rating) have been assigned an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $57.50.

Several analysts have recently commented on HZO shares. StockNews.com initiated coverage on shares of MarineMax in a report on Thursday, March 31st. They issued a “buy” rating on the stock. B. Riley increased their target price on shares of MarineMax from $75.00 to $84.00 in a research note on Friday, January 28th. Truist Financial reduced their price target on MarineMax from $62.00 to $54.00 in a report on Wednesday, January 26th. Raymond James boosted their price objective on MarineMax from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, January 28th. Finally, Zacks Investment Research upgraded shares of MarineMax from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, May 3rd.

Shares of HZO traded up $2.40 during trading hours on Friday, reaching $40.10. 27,102 shares of the company traded hands, compared to its average volume of 442,896. The company has a quick ratio of 0.81, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average price of $41.60 and a 200-day moving average price of $47.88. MarineMax has a 12-month low of $35.60 and a 12-month high of $61.06. The stock has a market capitalization of $863.43 million, a P/E ratio of 5.03 and a beta of 1.60.

MarineMax (NYSE:HZOGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The specialty retailer reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.67. The business had revenue of $610.10 million for the quarter, compared to analyst estimates of $541.34 million. MarineMax had a return on equity of 29.39% and a net margin of 8.23%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.69 earnings per share. As a group, research analysts predict that MarineMax will post 8.24 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of MarineMax by 0.4% during the 1st quarter. BlackRock Inc. now owns 4,159,070 shares of the specialty retailer’s stock worth $167,445,000 after buying an additional 16,515 shares during the last quarter. American Century Companies Inc. raised its position in MarineMax by 4.6% in the first quarter. American Century Companies Inc. now owns 2,005,464 shares of the specialty retailer’s stock valued at $80,740,000 after purchasing an additional 89,083 shares during the period. Vanguard Group Inc. lifted its stake in shares of MarineMax by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 1,712,045 shares of the specialty retailer’s stock valued at $68,926,000 after purchasing an additional 37,795 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of MarineMax by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,612,168 shares of the specialty retailer’s stock worth $64,909,000 after purchasing an additional 6,278 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in MarineMax by 0.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 632,590 shares of the specialty retailer’s stock valued at $25,468,000 after buying an additional 2,302 shares during the period. 97.68% of the stock is currently owned by institutional investors.

About MarineMax (Get Rating)

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through 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, pontoon boats, ski boats, jet boats, and other recreational boats.

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