MarineMax (NYSE:HZO) Sets New 52-Week High – Still a Buy?

MarineMax, Inc. (NYSE:HZO)’s share price reached a new 52-week high on Thursday . The company traded as high as $34.68 and last traded at $34.2130, with a volume of 213865 shares traded. The stock had previously closed at $33.59.

Analysts Set New Price Targets

HZO has been the subject of a number of research reports. B. Riley Financial reissued a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Zacks Research raised MarineMax from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Benchmark reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, January 30th. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.80.

MarineMax Price Performance

The firm has a market cap of $755.65 million, a price-to-earnings ratio of -11.67 and a beta of 1.55. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $28.79 and a 200 day moving average of $27.15.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The business had revenue of $527.41 million during the quarter, compared to analyst estimates of $617.21 million. During the same period in the previous year, the firm earned $0.23 EPS. MarineMax’s quarterly revenue was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Equities research analysts predict that MarineMax, Inc. will post 0.74 EPS for the current fiscal year.

MarineMax announced that its Board of Directors has approved a share repurchase plan on Wednesday, March 4th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase up to 15.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of MarineMax

A number of institutional investors have recently made changes to their positions in HZO. State Street Corp lifted its position in MarineMax by 11.0% during the 4th quarter. State Street Corp now owns 953,009 shares of the specialty retailer’s stock worth $23,091,000 after buying an additional 94,356 shares in the last quarter. Boothbay Fund Management LLC raised its stake in MarineMax by 13.0% in the 4th quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer’s stock valued at $18,776,000 after acquiring an additional 89,080 shares during the period. Invesco Ltd. lifted its stake in shares of MarineMax by 115.6% during the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after buying an additional 383,926 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in MarineMax during the third quarter worth approximately $16,620,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of MarineMax by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 592,471 shares of the specialty retailer’s stock worth $14,356,000 after purchasing an additional 109,241 shares during the period. Institutional investors own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.