MarineMax (NYSE:HZO) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of MarineMax (NYSE:HZO) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

HZO has been the topic of a number of other reports. Benchmark started coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target on the stock. Citigroup upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and raised their target price for the company from $40.00 to $44.00 in a research note on Monday, September 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, MarineMax presently has a consensus rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Price Performance

NYSE HZO opened at $28.66 on Thursday. The company has a market cap of $647.57 million, a PE ratio of 17.37 and a beta of 1.87. The firm’s 50 day moving average price is $30.69 and its 200-day moving average price is $31.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. MarineMax has a 52-week low of $22.51 and a 52-week high of $39.85.

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

Institutional Trading of MarineMax

Several large investors have recently bought and sold shares of HZO. Canada Pension Plan Investment Board acquired a new position in MarineMax during the second quarter worth $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MarineMax during the 3rd quarter valued at about $67,000. Point72 Asset Management L.P. acquired a new position in shares of MarineMax during the 3rd quarter valued at about $143,000. Bfsg LLC increased its position 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 last quarter. Finally, Systematic Financial Management LP acquired a new stake in MarineMax during the third quarter worth about $183,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

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.