The Manufacturers Life Insurance Company Has $267,000 Holdings in MarineMax, Inc. (NYSE:HZO)

The Manufacturers Life Insurance Company boosted its stake in shares of MarineMax, Inc. (NYSE:HZO) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,251 shares of the specialty retailer’s stock after buying an additional 408 shares during the period. The Manufacturers Life Insurance Company’s holdings in MarineMax were worth $267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in MarineMax during the 2nd quarter valued at about $52,000. Price T Rowe Associates Inc. MD grew its stake in shares of MarineMax by 17.7% in the 1st 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 in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of MarineMax by 45.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,897 shares of the specialty retailer’s stock valued at $296,000 after buying an additional 2,800 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of MarineMax by 14.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,589 shares of the specialty retailer’s stock valued at $419,000 after buying an additional 1,551 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in shares of MarineMax in the 1st quarter valued at approximately $437,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HZO shares. B. Riley lowered their price target on MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Truist Financial boosted their price target on MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and boosted their price target for the company from $40.00 to $44.00 in a research note on Monday, September 9th. Stifel Nicolaus boosted their price target on MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Benchmark started coverage on MarineMax in a report on Tuesday. They issued a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Stock Down 0.4 %

HZO opened at $31.37 on Friday. The business has a 50 day moving average price of $32.05 and a 200 day moving average price of $31.02. MarineMax, Inc. has a twelve month low of $22.51 and a twelve month high of $39.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20. The firm has a market cap of $699.58 million, a P/E ratio of 11.37 and a beta of 1.82.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.16. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The company had revenue of $757.72 million during the quarter, compared to analyst estimates of $720.30 million. During the same period in the previous year, the company earned $2.07 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts forecast that MarineMax, Inc. will post 2.28 EPS for the current year.

MarineMax 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.