Analysts Set MarineMax, Inc. (NYSE:HZO) PT at $41.83

Shares of MarineMax, Inc. (NYSE:HZO) have received an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $41.83.

A number of brokerages have issued reports on HZO. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Benchmark assumed coverage on MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price for the company.

Institutional Trading of MarineMax

Several institutional investors and hedge funds have recently modified their holdings of HZO. Dimensional Fund Advisors LP lifted its position in MarineMax by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock valued at $46,767,000 after purchasing an additional 110,601 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of MarineMax by 134.3% during the 3rd quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer’s stock valued at $4,565,000 after buying an additional 74,173 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of MarineMax by 22.7% during the 2nd quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock worth $13,012,000 after acquiring an additional 74,451 shares during the last quarter. Algert Global LLC purchased a new position in MarineMax in the third quarter worth $4,949,000. Finally, Intech Investment Management LLC bought a new position in MarineMax in the third quarter valued at $912,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

Shares of HZO stock opened at $27.95 on Friday. 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 fifty day simple moving average of $29.77 and a two-hundred day simple moving average of $31.28. MarineMax has a 12 month low of $22.51 and a 12 month high of $38.20. The firm has a market capitalization of $634.19 million, a PE ratio of 16.94 and a beta of 1.89.

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