MarineMax (NYSE:HZO) Stock Rating Lowered by Northcoast Research

MarineMax (NYSE:HZO) was downgraded by research analysts at Northcoast Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

HZO has been the subject of a number of other reports. Citigroup reiterated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Truist Financial reaffirmed a “hold” rating and set a $53.00 price target (up from $39.00) on shares of MarineMax in a research note on Wednesday. B. Riley Financial cut shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Tuesday, July 21st. Loop Capital cut MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a report on Tuesday. Finally, Benchmark lowered MarineMax from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.00.

MarineMax Stock Down 0.5%

NYSE:HZO opened at $52.18 on Wednesday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 372.71 and a beta of 1.58. MarineMax has a 1-year low of $21.42 and a 1-year high of $52.46. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $35.88 and its 200 day moving average price is $31.72.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $611.26 million for the quarter, compared to analyst estimates of $682.29 million. MarineMax had a return on equity of 1.51% and a net margin of 0.18%.The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.42) earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, sell-side analysts forecast that MarineMax will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Several hedge funds have recently made changes to their positions in HZO. AQR Capital Management LLC boosted its position in MarineMax by 3.9% during the fourth quarter. AQR Capital Management LLC now owns 9,471 shares of the specialty retailer’s stock valued at $229,000 after buying an additional 358 shares during the period. GAMMA Investing LLC increased its holdings in shares of MarineMax by 22.8% in the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock worth $71,000 after buying an additional 360 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of MarineMax by 1.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 37,578 shares of the specialty retailer’s stock valued at $911,000 after acquiring an additional 403 shares during the last quarter. RBF Capital LLC boosted its holdings in MarineMax by 0.5% during the 4th quarter. RBF Capital LLC now owns 80,420 shares of the specialty retailer’s stock valued at $1,949,000 after acquiring an additional 420 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in MarineMax by 4.4% during 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 during the period. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

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.