Victory Capital Management Inc. Has $4.57 Million Stake in MarineMax, Inc. (NYSE:HZO)

Victory Capital Management Inc. increased its position in shares of MarineMax, Inc. (NYSE:HZO) by 134.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,416 shares of the specialty retailer’s stock after buying an additional 74,173 shares during the period. Victory Capital Management Inc. owned 0.58% of MarineMax worth $4,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new position in MarineMax during the second quarter worth $52,000. Bfsg LLC boosted 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 period. James Investment Research Inc. bought a new position in MarineMax during the third quarter worth $203,000. Price T Rowe Associates Inc. MD boosted its position in MarineMax by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock worth $205,000 after purchasing an additional 924 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in MarineMax by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after purchasing an additional 408 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Trading Up 2.9 %

NYSE:HZO opened at $30.57 on Friday. MarineMax, Inc. has a 12 month low of $22.51 and a 12 month high of $39.85. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $690.62 million, a price-to-earnings ratio of 18.01 and a beta of 1.85. The firm has a fifty day simple moving average of $31.82 and a two-hundred day simple moving average of $31.47.

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

Analysts Set New Price Targets

Several brokerages have weighed in on HZO. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Truist Financial raised their target price on shares of MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Benchmark began coverage on MarineMax in a research note on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $44.00 in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, MarineMax has an average rating of “Moderate Buy” and an average target price of $41.83.

About MarineMax

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.