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

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

HZO has been the subject of several recent research reports. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and raised their target price for the stock from $40.00 to $44.00 in a report on Monday, September 9th. StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Finally, Benchmark assumed coverage on MarineMax in a research note on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price on the stock.

MarineMax Stock Down 1.6 %

Shares of HZO stock opened at $28.35 on Wednesday. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The firm has a market capitalization of $640.57 million, a PE ratio of 17.18 and a beta of 1.87. 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 stock’s 50-day simple moving average is $30.96 and its 200-day simple moving average is $32.01.

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

Institutional Investors Weigh In On MarineMax

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

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.