MarineMax (NYSE:HZO) Upgraded at StockNews.com

StockNews.com upgraded shares of MarineMax (NYSE:HZO) from a sell rating to a hold rating in a research report sent to investors on Thursday.

A number of other analysts also recently issued reports on the stock. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and increased their target price for the stock from $40.00 to $44.00 in a research report on Monday, September 9th. Benchmark began coverage on MarineMax in a research note on Tuesday, October 15th. They set a “buy” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MarineMax presently has a consensus rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Trading Down 3.1 %

HZO opened at $27.77 on Thursday. The business has a fifty day simple moving average of $30.56 and a 200-day simple moving average of $31.83. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a market cap of $627.46 million, a P/E ratio of 16.83 and a beta of 1.87. MarineMax has a 52 week low of $22.51 and a 52 week high of $39.60.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $563.10 million during 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 firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. On average, equities analysts expect that MarineMax will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HZO. Canada Pension Plan Investment Board acquired a new position in shares of MarineMax during the second quarter valued at $52,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in MarineMax during the third quarter worth approximately $67,000. Point72 Asset Management L.P. acquired a new position in shares of MarineMax in the 3rd quarter worth $143,000. Bfsg LLC raised its holdings in MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after buying an additional 681 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in shares of MarineMax during the third quarter valued at approximately $183,000. 92.85% of the stock is currently owned by institutional investors.

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.