MarineMax (NYSE:HZO) Reaches New 1-Year High – Here’s What Happened

MarineMax, Inc. (NYSE:HZO)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $52.56 and last traded at $52.4250, with a volume of 1250494 shares traded. The stock had previously closed at $52.56.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Benchmark lowered MarineMax from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Loop Capital lowered MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Tuesday, August 11th. Truist Financial downgraded MarineMax from a “buy” rating to a “hold” rating and raised their price objective for the company from $39.00 to $53.00 in a research note on Wednesday, August 12th. Northcoast Research lowered MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, MarineMax presently has a consensus rating of “Hold” and a consensus target price of $43.00.

MarineMax Stock Down 0.3%

The stock has a market cap of $1.16 billion, a P/E ratio of 374.54 and a beta of 1.66. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average is $45.24 and its 200 day moving average is $36.14.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HZO. Public Employees Retirement System of Ohio acquired a new stake in shares of MarineMax in the second quarter worth $59,000. GAMMA Investing LLC boosted its holdings in MarineMax by 22.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock valued at $71,000 after purchasing an additional 360 shares during the period. Fifth Third Bancorp grew its position in MarineMax by 3,613.3% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 4,083 shares during the last quarter. Arizona State Retirement System acquired a new stake in MarineMax in the 2nd quarter worth $200,000. Finally, Ieq Capital LLC bought a new position in shares of MarineMax during the 2nd quarter worth about $214,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

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.