MarineMax’s (HZO) “Buy” Rating Reaffirmed at Benchmark

MarineMax (NYSE:HZO)‘s stock had its “buy” rating reaffirmed by Benchmark in a research report issued on Friday,Benzinga reports. They presently have a $40.00 target price on the specialty retailer’s stock. Benchmark’s price target would indicate a potential upside of 28.02% from the company’s current price.

HZO has been the subject of several other reports. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. DA Davidson reduced their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, MarineMax presently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

MarineMax Stock Down 3.5 %

HZO traded down $1.13 during trading on Friday, hitting $31.25. The company had a trading volume of 152,405 shares, compared to its average volume of 274,288. The company has a market capitalization of $708.95 million, a PE ratio of 18.91 and a beta of 1.89. The firm’s 50-day moving average price is $29.56 and its 200 day moving average price is $31.22. MarineMax has a one year low of $22.51 and a one year high of $38.20. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. As a group, equities analysts expect that MarineMax will post 2.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board bought a new stake in MarineMax during the second quarter worth about $52,000. Point72 Asia Singapore Pte. Ltd. bought a new position in MarineMax in the third quarter valued at about $67,000. Point72 Asset Management L.P. acquired a new position in MarineMax during the 3rd quarter worth approximately $143,000. Bfsg LLC lifted its stake in MarineMax by 19.1% in the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 681 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in MarineMax in the third quarter valued at approximately $183,000. 92.85% of the stock is 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.