MarineMax (NYSE:HZO) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

MarineMax, Inc. (NYSE:HZO) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $38.67 and traded as high as $52.49. MarineMax shares last traded at $52.4650, with a volume of 408,626 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on HZO. Weiss Ratings raised MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. B. Riley Financial lowered MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Tuesday, July 21st. Benchmark cut shares of MarineMax from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Truist Financial downgraded shares of MarineMax from a “buy” rating to a “hold” rating and lifted their target price for the stock from $39.00 to $53.00 in a research note on Wednesday, August 12th. Finally, Northcoast Research lowered shares of MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Eight analysts have rated the stock with a Hold rating. According to MarketBeat, MarineMax presently has a consensus rating of “Hold” and an average target price of $44.67.

MarineMax Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The firm’s 50 day moving average is $50.60 and its 200 day moving average is $38.76. The firm has a market cap of $1.16 billion, a P/E ratio of 373.96 and a beta of 1.70.

MarineMax (NYSE:HZO) last issued its 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 business had revenue of $611.26 million for the quarter, compared to analysts’ expectations of $682.29 million. During the same quarter in the prior year, the business posted ($2.42) earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, analysts anticipate that MarineMax, Inc. will post 0.69 earnings per share for the current year.

Institutional Trading of MarineMax

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of MarineMax by 29.1% during the third quarter. GAMMA Investing LLC now owns 2,505 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 564 shares during the last quarter. Arizona State Retirement System bought a new position in shares of MarineMax during the second quarter worth $200,000. Amundi bought a new position in shares of MarineMax during the second quarter worth $226,000. Round Rock Advisors LLC grew its stake in MarineMax by 92.0% during the second quarter. Round Rock Advisors LLC now owns 120,030 shares of the specialty retailer’s stock valued at $4,395,000 after acquiring an additional 57,521 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in MarineMax in the 2nd quarter valued at $4,093,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

About MarineMax

MarineMax, Inc is a recreational boat and yacht retailer headquartered in Clearwater, Florida. Founded in 1998, the company sells new and pre-owned boats, yachts and related marine products through a network of dealerships and other locations in the United States.

MarineMax represents a range of marine brands and offers products spanning smaller recreational boats, luxury yachts and larger vessels. Its services include boat brokerage, financing and insurance assistance, maintenance and repair, storage, and other support services for boat owners.