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

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

A number of other research analysts also recently commented on HZO. Benchmark started coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target for the company. StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.50.

MarineMax Stock Performance

NYSE HZO opened at $32.77 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34. MarineMax has a 1-year low of $22.51 and a 1-year high of $38.20. The business has a 50 day simple moving average of $29.56 and a two-hundred day simple moving average of $31.22. The stock has a market capitalization of $743.60 million, a PE ratio of 19.86 and a beta of 1.89.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. On average, research analysts predict that MarineMax will post 2.25 EPS for the current fiscal year.

Institutional Trading of MarineMax

Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new position in shares of MarineMax during the second quarter valued at approximately $52,000. Point72 Asia Singapore Pte. Ltd. bought a new position in MarineMax in the 3rd quarter valued at $67,000. Point72 Asset Management L.P. purchased a new stake in MarineMax in the third quarter worth $143,000. Bfsg LLC lifted its position in shares of MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 681 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of MarineMax during the third quarter valued at $183,000. Institutional investors 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.