MarineMax (NYSE:HZO) Hits New 52-Week High – What’s Next?

MarineMax, Inc. (NYSE:HZO)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $52.50 and last traded at $52.4450, with a volume of 606456 shares. The stock had previously closed at $52.21.

Analysts Set New Price Targets

Several research firms recently commented on HZO. Truist Financial cut MarineMax from a “buy” rating to a “hold” rating and increased their price target for the company from $39.00 to $53.00 in a report on Wednesday, August 12th. Northcoast Research lowered MarineMax from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. B. Riley Financial cut MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a report on Tuesday, July 21st. Benchmark downgraded MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Loop Capital lowered MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, MarineMax currently has a consensus rating of “Hold” and a consensus target price of $43.00.

MarineMax Stock Performance

The firm’s 50 day moving average price is $44.52 and its two-hundred day moving average price is $35.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23. The firm has a market cap of $1.16 billion, a PE ratio of 374.38 and a beta of 1.66.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The firm had revenue of $611.26 million for the quarter, compared to analysts’ expectations of $682.29 million. During the same period in the previous year, the firm posted ($2.42) EPS. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, research analysts forecast that MarineMax, Inc. will post 0.69 earnings per share for the current year.

Institutional Investors Weigh In On MarineMax

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of MarineMax during the 2nd quarter worth $116,412,000. Boothbay Fund Management LLC raised its holdings 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 buying an additional 89,080 shares during the period. CenterBook Partners LP lifted its position in MarineMax by 74.7% in the fourth quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock valued at $12,901,000 after buying an additional 227,734 shares during the last quarter. Royce & Associates LP lifted its position in MarineMax by 2.4% in the fourth quarter. Royce & Associates LP now owns 404,156 shares of the specialty retailer’s stock valued at $9,793,000 after buying an additional 9,660 shares during the last quarter. Finally, Gagnon Securities LLC boosted its stake in MarineMax by 23.2% during the fourth quarter. Gagnon Securities LLC now owns 322,053 shares of the specialty retailer’s stock worth $7,803,000 after buying an additional 60,704 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

About MarineMax

MarineMax, Inc is a recreational-boat retailer and services company based in Clearwater, Florida. The company sells new and pre-owned powerboats and yachts from a range of manufacturers, serving consumers seeking boats for cruising, fishing, watersports and other leisure activities.

In addition to boat sales, MarineMax provides related services including brokerage, financing, insurance, maintenance, repair, parts and storage. Its operations also include marinas and boating-related hospitality or charter services in select markets, allowing the company to support customers throughout the ownership lifecycle.

MarineMax primarily serves customers in the United States through a network of dealerships and marinas, with a particularly strong presence in Florida and other coastal markets, as well as locations in regions such as the Northeast, Midwest, Southeast and Texas.