MarineMax, Inc. (NYSE:HZO) Receives Average Recommendation of “Buy” from Brokerages

Shares of MarineMax, Inc. (NYSE:HZO) have earned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is $41.83.

A number of analysts have commented on the company. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $44.00 in a research report on Monday, September 9th. Benchmark began coverage on shares of MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd.

Institutional Trading of MarineMax

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in MarineMax in the 2nd quarter valued at about $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in MarineMax in the third quarter valued at approximately $67,000. Point72 Asset Management L.P. acquired a new position in MarineMax during the third quarter worth approximately $143,000. Bfsg LLC raised its stake in MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 681 shares during the period. Finally, Systematic Financial Management LP acquired a new position in shares of MarineMax in the 3rd quarter valued at $183,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Price Performance

Shares of NYSE HZO opened at $32.52 on Friday. The company’s fifty day moving average is $31.59 and its two-hundred day moving average is $31.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The firm has a market capitalization of $734.63 million, a P/E ratio of 19.71 and a beta of 1.85. MarineMax has a one year low of $22.51 and a one year high of $39.85.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $563.10 million for the quarter, compared to analyst estimates of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. Analysts forecast that MarineMax will post 2.33 EPS for the current fiscal year.

MarineMax Company Profile

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.