MarineMax (NYSE:HZO) Shares Up 9.5% – Still a Buy?

MarineMax, Inc. (NYSE:HZO)’s share price rose 9.5% during trading on Friday . The company traded as high as $23.58 and last traded at $23.4760. Approximately 107,424 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 346,549 shares. The stock had previously closed at $21.43.

Analyst Upgrades and Downgrades

HZO has been the topic of several research analyst reports. Truist Financial increased their target price on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Wall Street Zen lowered shares of MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Zacks Research cut shares of MarineMax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. B. Riley reiterated a “buy” rating on shares of MarineMax in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.00.

MarineMax Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.29 and a current ratio of 1.21. The company has a 50-day moving average price of $25.13 and a 200-day moving average price of $24.74. The firm has a market capitalization of $514.71 million, a P/E ratio of -17.56 and a beta of 1.60.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.11. The company had revenue of $552.15 million during the quarter, compared to analyst estimates of $533.05 million. MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, sell-side analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Buying and Selling at MarineMax

In other news, CEO W Brett Mcgill sold 60,000 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $27.53, for a total value of $1,651,800.00. Following the completion of the transaction, the chief executive officer owned 173,038 shares of the company’s stock, valued at $4,763,736.14. The trade was a 25.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in MarineMax by 52.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 466 shares during the period. State of Wyoming bought a new position in shares of MarineMax during the 1st quarter valued at about $41,000. MTM Investment Management LLC bought a new stake in MarineMax during the 2nd quarter worth approximately $42,000. Russell Investments Group Ltd. increased its stake in MarineMax by 93.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 808 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in MarineMax by 12.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock valued at $126,000 after buying an additional 567 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors.

About MarineMax

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.