Thrivent Financial for Lutherans Has $544,000 Stock Position in MarineMax, Inc. (NYSE:HZO)

Thrivent Financial for Lutherans trimmed its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,423 shares of the specialty retailer’s stock after selling 1,424 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of MarineMax worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised 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 valued at $267,000 after buying an additional 408 shares during the period. Janus Henderson Group PLC raised its position in MarineMax by 3.3% during the first quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer’s stock valued at $553,000 after buying an additional 529 shares during the period. SummerHaven Investment Management LLC raised its position in MarineMax by 2.9% during the second quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer’s stock valued at $652,000 after buying an additional 567 shares during the period. Bfsg LLC raised its position in MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after buying an additional 681 shares during the period. Finally, Price T Rowe Associates Inc. MD raised 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 valued at $205,000 after buying an additional 924 shares during the period. 92.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HZO has been the topic of several recent analyst reports. Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and upped their price target for the company from $40.00 to $44.00 in a research report on Monday, September 9th. StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. 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. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Stock Performance

HZO opened at $32.13 on Thursday. The company has a market cap of $725.86 million, a PE ratio of 19.47 and a beta of 1.87. The stock has a 50-day moving average of $31.30 and a 200-day moving average of $31.85. MarineMax, Inc. 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.

MarineMax (NYSE:HZO) last released 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. The company had revenue of $563.10 million during the quarter, compared to the consensus estimate of $576.49 million. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. As a group, equities research analysts forecast that MarineMax, Inc. will post 2.33 earnings per share for the current fiscal year.

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.