DA Davidson Issues Pessimistic Forecast for MarineMax (NYSE:HZO) Stock Price

MarineMax (NYSE:HZO) had its price target decreased by research analysts at DA Davidson from $38.00 to $35.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s target price points to a potential upside of 6.80% from the stock’s current price.

HZO has been the topic of a number of other reports. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Benchmark assumed coverage on MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.50.

MarineMax Trading Up 17.3 %

Shares of NYSE HZO opened at $32.77 on Wednesday. MarineMax has a twelve month low of $22.51 and a twelve month high of $38.20. The firm has a market cap of $743.60 million, a PE ratio of 19.86 and a beta of 1.89. The business has a fifty day simple moving average of $29.56 and a two-hundred day simple moving average of $31.22. 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 released its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. Analysts expect that MarineMax will post 2.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MarineMax

Several institutional investors have recently added to or reduced their stakes in HZO. The Manufacturers Life Insurance Company increased its holdings in shares of MarineMax by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock valued at $267,000 after acquiring an additional 408 shares in the last quarter. Bfsg LLC increased its stake in MarineMax by 19.1% during 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MarineMax by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after buying an additional 905 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of MarineMax by 5.3% during the third quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer’s stock worth $757,000 after buying an additional 1,072 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of MarineMax by 7.0% during the third quarter. Janus Henderson Group PLC now owns 20,066 shares of the specialty retailer’s stock valued at $707,000 after buying an additional 1,319 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

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.