Legal & General Group Plc Purchases Shares of 43,206 MarineMax, Inc. $HZO

Legal & General Group Plc purchased a new position in shares of MarineMax, Inc. (NYSE:HZO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 43,206 shares of the specialty retailer’s stock, valued at approximately $1,582,000.

A number of other large investors also recently modified their holdings of HZO. BlackRock Inc. bought a new stake in shares of MarineMax during the 2nd quarter worth approximately $116,412,000. State Street Corp grew its stake in shares of MarineMax by 11.0% in the fourth quarter. State Street Corp now owns 953,009 shares of the specialty retailer’s stock valued at $23,091,000 after buying an additional 94,356 shares in the last quarter. Boothbay Fund Management LLC grew its stake in shares of MarineMax by 13.0% in the fourth quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer’s stock valued at $18,776,000 after buying an additional 89,080 shares in the last quarter. Invesco Ltd. increased its holdings in MarineMax by 115.6% during 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in MarineMax by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 592,471 shares of the specialty retailer’s stock worth $14,356,000 after acquiring an additional 109,241 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HZO has been the subject of a number of recent analyst reports. Benchmark cut shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Northcoast Research cut shares of MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Loop Capital downgraded shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Tuesday, August 11th. Truist Financial cut MarineMax from a “buy” rating to a “hold” rating and lifted their price target for the stock from $39.00 to $53.00 in a report on Wednesday, August 12th. Finally, B. Riley Financial downgraded MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $43.00.

MarineMax Trading Up 0.1%

Shares of MarineMax stock opened at $52.22 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The business has a fifty day simple moving average of $41.86 and a two-hundred day simple moving average of $34.53. MarineMax, Inc. has a 1 year low of $21.42 and a 1 year high of $52.46. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 373.00 and a beta of 1.66.

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

MarineMax 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.