MarineMax (NYSE:HZO) Coverage Initiated at Benchmark

Stock analysts at Benchmark began coverage on shares of MarineMax (NYSE:HZO) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $40.00 price target on the specialty retailer’s stock. Benchmark’s price objective points to a potential upside of 22.62% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Truist Financial boosted their price objective on shares of MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. DA Davidson increased their price target on MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Stifel Nicolaus raised their price objective on MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and upped their target price for the company from $40.00 to $44.00 in a report on Monday, September 9th. Finally, B. Riley lowered their price target on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Trading Down 1.9 %

HZO opened at $32.62 on Tuesday. The company has a market cap of $727.46 million, a P/E ratio of 11.82 and a beta of 1.82. The company has a current ratio of 1.20, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $31.96 and its 200-day moving average is $31.03. MarineMax has a 1-year low of $22.51 and a 1-year high of $39.85.

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

Institutional Trading of MarineMax

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its stake 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 worth $267,000 after acquiring an additional 408 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of MarineMax by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer’s stock worth $553,000 after purchasing an additional 529 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of MarineMax by 3.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 17,628 shares of the specialty retailer’s stock valued at $586,000 after buying an additional 536 shares during the period. SummerHaven Investment Management LLC increased its position in MarineMax by 2.9% in the 2nd 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 in the last quarter. Finally, Bfsg LLC raised its stake in MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after buying an additional 681 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

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.