MarineMax, Inc. (NYSE:HZO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of MarineMax, Inc. (NYSE:HZO) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.80.

A number of equities research analysts recently issued reports on HZO shares. Truist Financial set a $34.00 price target on MarineMax in a research note on Tuesday, April 21st. B. Riley Financial reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Citigroup reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th.

MarineMax Price Performance

NYSE:HZO opened at $34.48 on Wednesday. The firm has a market capitalization of $759.48 million, a price-to-earnings ratio of -11.73 and a beta of 1.59. MarineMax has a 1 year low of $20.52 and a 1 year high of $36.25. The business has a 50 day simple moving average of $30.00 and a 200-day simple moving average of $27.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.32.

MarineMax (NYSE:HZO) last posted 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. The business had revenue of $527.41 million during the quarter, compared to analyst estimates of $617.21 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The company’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Equities analysts forecast that MarineMax will post 0.74 EPS for the current year.

MarineMax announced that its Board of Directors has initiated a share buyback program on Wednesday, March 4th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the specialty retailer to repurchase up to 15.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On MarineMax

A number of institutional investors and hedge funds have recently modified their holdings of the business. Divisadero Street Capital Management LP bought a new stake in MarineMax during the 3rd quarter valued at $16,620,000. Boothbay Fund Management LLC bought a new stake in MarineMax during the 3rd quarter valued at $17,372,000. Portolan Capital Management LLC raised its position in MarineMax by 27.5% during the 3rd quarter. Portolan Capital Management LLC now owns 392,713 shares of the specialty retailer’s stock valued at $9,947,000 after purchasing an additional 84,725 shares in the last quarter. CenterBook Partners LP raised its position in MarineMax by 183.8% during the 3rd quarter. CenterBook Partners LP now owns 304,718 shares of the specialty retailer’s stock valued at $7,719,000 after purchasing an additional 197,336 shares in the last quarter. Finally, Royce & Associates LP raised its position in MarineMax by 6.3% during the 3rd quarter. Royce & Associates LP now owns 394,496 shares of the specialty retailer’s stock valued at $9,993,000 after purchasing an additional 23,390 shares in the last quarter. 92.85% of the stock is owned by institutional investors.

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.