Benchmark Reaffirms Buy Rating for MarineMax (NYSE:HZO)

MarineMax (NYSE:HZO)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a report issued on Friday,Benzinga reports. They currently have a $40.00 price objective on the specialty retailer’s stock. Benchmark’s target price indicates a potential upside of 29.83% from the company’s current price.

Other research analysts also recently issued reports about the company. DA Davidson dropped their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.50.

MarineMax Price Performance

NYSE HZO opened at $30.81 on Friday. 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 business’s fifty day moving average is $29.64 and its 200 day moving average is $31.23. The company has a market capitalization of $699.08 million, a PE ratio of 18.67 and a beta of 1.89. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $38.20.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. Sell-side analysts predict that MarineMax will post 2.25 earnings per share for the current year.

Institutional Investors Weigh In On MarineMax

Large investors have recently added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC bought a new position in shares of MarineMax during the fourth quarter valued at approximately $1,316,000. JPMorgan Chase & Co. grew its holdings in MarineMax by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after acquiring an additional 905 shares in the last quarter. XTX Topco Ltd bought a new position in shares of MarineMax during the third quarter valued at approximately $236,000. Systematic Financial Management LP purchased a new position in shares of MarineMax in the 3rd quarter valued at $183,000. Finally, RBF Capital LLC grew its stake in MarineMax by 55.9% in the third quarter. RBF Capital LLC now owns 93,544 shares of the specialty retailer’s stock valued at $3,299,000 after purchasing an additional 33,544 shares during the last quarter. 92.85% of the stock is owned by institutional investors.

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.