MarineMax (NYSE:HZO) Sets New 12-Month High – Still a Buy?

MarineMax, Inc. (NYSE:HZO)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $33.07 and last traded at $32.3850, with a volume of 370721 shares changing hands. The stock had previously closed at $31.24.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. National Bank Financial set a $35.00 price objective on MarineMax in a research report on Friday, January 30th. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Zacks Research raised MarineMax from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a research report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.80.

MarineMax Stock Performance

The business has a fifty day simple moving average of $28.11 and a two-hundred day simple moving average of $26.70. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The company has a market cap of $754.75 million, a P/E ratio of -11.65 and a beta of 1.55.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The company had revenue of $527.41 million for the quarter, compared to the consensus estimate of $617.21 million. During the same quarter in the prior year, the company earned $0.23 earnings per share. MarineMax’s revenue was down 16.5% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, sell-side analysts anticipate that MarineMax, Inc. will post 0.74 EPS for the current year.

MarineMax declared that its board has approved a stock repurchase program on Wednesday, March 4th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 15.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HZO. Royal Bank of Canada raised its stake in shares of MarineMax by 6.9% in the first quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 9,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of MarineMax by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock worth $278,000 after buying an additional 546 shares during the period. Jones Financial Companies Lllp bought a new position in shares of MarineMax in the first quarter worth about $168,000. Goldman Sachs Group Inc. raised its stake in shares of MarineMax by 69.3% in the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock worth $7,496,000 after buying an additional 142,775 shares during the period. Finally, Invesco Ltd. raised its stake in shares of MarineMax by 115.6% in the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after buying an additional 383,926 shares during the period. Institutional investors own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.