Janus Henderson Group PLC Buys 1,319 Shares of MarineMax, Inc. (NYSE:HZO)

Janus Henderson Group PLC lifted its position in MarineMax, Inc. (NYSE:HZO) by 7.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,066 shares of the specialty retailer’s stock after purchasing an additional 1,319 shares during the period. Janus Henderson Group PLC owned 0.09% of MarineMax worth $707,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HZO. Algert Global LLC bought a new position in shares of MarineMax during the 3rd quarter worth $4,949,000. Concentric Capital Strategies LP purchased a new stake in MarineMax in the third quarter worth about $4,832,000. Royce & Associates LP grew its holdings in MarineMax by 45.2% during the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock worth $13,008,000 after acquiring an additional 114,880 shares in the last quarter. Dimensional Fund Advisors LP increased its position in MarineMax by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock valued at $46,767,000 after purchasing an additional 110,601 shares during the period. Finally, Shellback Capital LP raised its holdings in shares of MarineMax by 44.1% in the 2nd quarter. Shellback Capital LP now owns 295,633 shares of the specialty retailer’s stock valued at $9,570,000 after purchasing an additional 90,476 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $44.00 in a report on Monday, September 9th. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Finally, Benchmark assumed coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, MarineMax currently has a consensus rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Stock Performance

Shares of MarineMax stock opened at $30.69 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. MarineMax, Inc. has a 52 week low of $22.51 and a 52 week high of $39.85. The firm has a market capitalization of $693.29 million, a P/E ratio of 18.60 and a beta of 1.87. The company has a 50 day moving average price of $30.97 and a 200 day moving average price of $32.04.

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