MarineMax Inc (NYSE:HZO) Given Average Recommendation of “Hold” by Analysts

MarineMax Inc (NYSE:HZO) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.00.

HZO has been the subject of a number of recent analyst reports. Craig Hallum downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Citigroup lowered their price target on MarineMax from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Raymond James downgraded MarineMax from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Longbow Research downgraded MarineMax from a “buy” rating to a “neutral” rating in a report on Wednesday, October 30th. Finally, Zacks Investment Research downgraded MarineMax from a “buy” rating to a “hold” rating in a report on Friday, November 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Tennessee Treasury Department lifted its stake in MarineMax by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 9,804 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 771 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of MarineMax by 10.3% during the second quarter. Cubist Systematic Strategies LLC now owns 12,227 shares of the specialty retailer’s stock worth $201,000 after purchasing an additional 1,144 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of MarineMax by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 130,170 shares of the specialty retailer’s stock worth $2,140,000 after purchasing an additional 1,193 shares during the last quarter. Bank of Montreal Can raised its stake in shares of MarineMax by 229.9% during the second quarter. Bank of Montreal Can now owns 2,669 shares of the specialty retailer’s stock worth $44,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of MarineMax by 1.1% during the second quarter. Allianz Asset Management GmbH now owns 185,390 shares of the specialty retailer’s stock worth $3,047,000 after purchasing an additional 1,978 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

NYSE:HZO opened at $16.87 on Thursday. The firm has a 50-day moving average of $15.83 and a 200-day moving average of $15.95. The company has a market cap of $452.66 million, a PE ratio of 10.35 and a beta of 0.87. MarineMax has a one year low of $13.73 and a one year high of $26.10.

MarineMax (NYSE:HZO) last posted its earnings results on Tuesday, October 29th. The specialty retailer reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The company had revenue of $308.10 million during the quarter, compared to the consensus estimate of $309.60 million. MarineMax had a net margin of 2.91% and a return on equity of 10.24%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts predict that MarineMax will post 1.65 earnings per share for the current year.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.

Featured Article: What impact do institutional investors have on markets?

Analyst Recommendations for MarineMax (NYSE:HZO)

Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.