MarineMax, Inc. (NYSE:HZO) Receives $41.83 Consensus PT from Analysts

MarineMax, Inc. (NYSE:HZO) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $41.83.

Several research firms have weighed in on HZO. Benchmark began coverage on MarineMax in a report on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price on the stock. StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. Finally, Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $44.00 in a research report on Monday, September 9th.

MarineMax Stock Up 9.1 %

NYSE HZO opened at $33.35 on Friday. MarineMax has a 52 week low of $22.51 and a 52 week high of $39.85. 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 has a market capitalization of $753.38 million, a P/E ratio of 20.21 and a beta of 1.85. The stock has a fifty day moving average of $31.72 and a 200-day moving average of $31.63.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping 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 business had revenue of $563.10 million for the quarter, compared to analyst estimates of $576.49 million. During the same period last year, the company earned $0.69 EPS. The firm’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts forecast that MarineMax will post 2.33 EPS for the current year.

Institutional Investors Weigh In On MarineMax

A number of large investors have recently added to or reduced their stakes in HZO. Canada Pension Plan Investment Board acquired a new stake in MarineMax during the second quarter worth approximately $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MarineMax in the 3rd quarter valued at $67,000. Point72 Asset Management L.P. acquired a new stake in shares of MarineMax in the 3rd quarter valued at $143,000. Bfsg LLC boosted its holdings in shares of 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 purchasing an additional 681 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new stake 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 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.