Shellback Capital LP Sells 12,800 Shares of MarineMax, Inc. (NYSE:HZO)

Shellback Capital LP trimmed its position in shares of MarineMax, Inc. (NYSE:HZO) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 282,833 shares of the specialty retailer’s stock after selling 12,800 shares during the quarter. Shellback Capital LP’s holdings in MarineMax were worth $8,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HZO. Smartleaf Asset Management LLC increased its stake in shares of MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 1,058 shares in the last quarter. US Bancorp DE raised its holdings in MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 585 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of MarineMax during the fourth quarter valued at $82,000. KLP Kapitalforvaltning AS purchased a new stake in MarineMax in the fourth quarter worth approximately $113,000. Finally, Quantbot Technologies LP bought a new stake in MarineMax in the 4th quarter worth approximately $129,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

Shares of HZO opened at $22.88 on Friday. MarineMax, Inc. has a 52 week low of $16.85 and a 52 week high of $38.20. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $491.30 million, a price-to-earnings ratio of 9.61 and a beta of 1.69. The business has a 50-day simple moving average of $21.43 and a two-hundred day simple moving average of $26.52.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The company had revenue of $631.52 million for the quarter, compared to analysts’ expectations of $580.12 million. During the same quarter last year, the business earned $0.18 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, analysts expect that MarineMax, Inc. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on HZO. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. Truist Financial lowered their target price on MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, April 14th. DA Davidson cut their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. B. Riley raised shares of MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $38.50.

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.