MarineMax (NYSE:HZO) Reaches New 1-Year High – Still a Buy?

MarineMax, Inc. (NYSE:HZO)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.43 and last traded at $34.1350, with a volume of 30951 shares changing hands. The stock had previously closed at $33.35.

Wall Street Analyst Weigh In

HZO has been the subject of a number of research analyst reports. Zacks Research raised MarineMax from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. B. Riley Financial reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Citigroup reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Truist Financial set a $34.00 target price on MarineMax in a research report on Tuesday, April 21st. Finally, Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MarineMax presently has an average rating of “Moderate Buy” and an average target price of $31.80.

MarineMax Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.32 and a current ratio of 1.18. The company has a 50-day moving average of $28.49 and a 200-day moving average of $27.00. The firm has a market capitalization of $727.89 million, a price-to-earnings ratio of -11.24 and a beta of 1.55.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $527.41 million during the quarter, compared to analyst estimates of $617.21 million. During the same period in the previous year, the firm earned $0.23 EPS. MarineMax’s quarterly revenue was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, research analysts anticipate that MarineMax, Inc. will post 0.74 EPS for the current fiscal year.

MarineMax declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 4th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase up to 15.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On MarineMax

Several institutional investors and hedge funds have recently modified their holdings of HZO. Royal Bank of Canada grew its position in shares of MarineMax by 6.9% in the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock valued at $3,027,000 after purchasing an additional 9,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in MarineMax by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after acquiring an additional 546 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in MarineMax in the 1st quarter valued at approximately $168,000. Goldman Sachs Group Inc. lifted its stake in MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after acquiring an additional 142,775 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after acquiring an additional 383,926 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

About MarineMax

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.