MarineMax (NYSE:HZO) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of MarineMax (NYSE:HZO) from a sell rating to a hold rating in a report released on Monday morning.

Several other research firms also recently commented on HZO. Benchmark started coverage on shares of MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target for the company. Citigroup upgraded shares of 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Stock Up 3.8 %

Shares of NYSE:HZO opened at $32.65 on Monday. The company has a market capitalization of $737.56 million, a PE ratio of 19.79 and a beta of 1.87. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. MarineMax has a twelve month low of $22.51 and a twelve month high of $39.85. The firm has a 50 day simple moving average of $31.10 and a 200-day simple moving average of $32.00.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The business had revenue of $563.10 million during the quarter, compared to the consensus estimate of $576.49 million. During the same quarter in the previous year, the firm earned $0.69 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. On average, equities analysts predict that MarineMax will post 2.33 EPS for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Institutional investors and hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board acquired a new stake in MarineMax in the 2nd quarter valued at about $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MarineMax in the 3rd quarter valued at about $67,000. Point72 Asset Management L.P. acquired a new stake in MarineMax in the 3rd quarter valued at about $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 last quarter. Finally, Systematic Financial Management LP acquired a new stake in MarineMax in the 3rd quarter valued at about $183,000. 92.85% of the stock is owned by institutional investors and hedge funds.

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.