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

Shares of MarineMax, Inc. (NYSE:HZO) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is $41.83.

A number of brokerages have issued reports on HZO. Benchmark started coverage on MarineMax in a research report on Tuesday, October 15th. They set a “buy” rating and a $40.00 price target for the company. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th.

MarineMax Stock Up 0.2 %

Shares of MarineMax stock opened at $26.43 on Friday. The stock has a market capitalization of $599.75 million, a price-to-earnings ratio of 16.02 and a beta of 1.89. MarineMax has a twelve month low of $22.51 and a twelve month high of $38.20. 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 business’s 50 day simple moving average is $30.06 and its 200-day simple moving average is $31.34.

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

Institutional Investors Weigh In On MarineMax

A number of institutional investors and hedge funds have recently bought and sold shares of HZO. Dimensional Fund Advisors LP grew its stake in shares of MarineMax by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after purchasing an additional 110,601 shares during the last quarter. Victory Capital Management Inc. grew its position in MarineMax by 134.3% in the third quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer’s stock worth $4,565,000 after buying an additional 74,173 shares during the last quarter. Millennium Management LLC increased its holdings in shares of MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after buying an additional 74,451 shares in the last quarter. Algert Global LLC bought a new position in shares of MarineMax in the third quarter valued at $4,949,000. Finally, Intech Investment Management LLC acquired a new stake in shares of MarineMax during the 3rd quarter valued at $912,000. 92.85% of the stock is 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.