MarineMax (NYSE:HZO) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

MarineMax, Inc. (NYSE:HZO)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $37.17 and traded as high as $52.45. MarineMax shares last traded at $52.3750, with a volume of 702,948 shares changing hands.

Analyst Upgrades and Downgrades

HZO has been the topic of a number of recent analyst reports. Loop Capital cut shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research report on Tuesday, August 11th. B. Riley Financial downgraded MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research note on Tuesday, July 21st. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Northcoast Research downgraded MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Truist Financial lowered MarineMax from a “buy” rating to a “hold” rating and raised their price target for the stock from $39.00 to $53.00 in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.00.

MarineMax Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23. The company has a fifty day moving average price of $47.77 and a two-hundred day moving average price of $37.35. The company has a market cap of $1.16 billion, a P/E ratio of 373.61 and a beta of 1.66.

MarineMax (NYSE:HZO) last issued its quarterly earnings results 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 for 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%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the company posted ($2.42) earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, sell-side analysts anticipate that MarineMax, Inc. will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. bought a new stake in MarineMax in the first quarter valued at approximately $4,050,000. De Lisle Partners LLP bought a new position in shares of MarineMax during the 2nd quarter worth approximately $6,170,000. SWS Partners acquired a new position in shares of MarineMax during the 2nd quarter worth approximately $1,097,000. BlackRock Inc. bought a new stake in MarineMax in the 2nd quarter valued at $116,412,000. Finally, DCF Advisers LLC bought a new stake in MarineMax in the 2nd quarter valued at $2,106,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

About MarineMax

MarineMax, Inc is a recreational-boat retailer and services company based in Clearwater, Florida. The company sells new and pre-owned powerboats and yachts from a range of manufacturers, serving consumers seeking boats for cruising, fishing, watersports and other leisure activities.

In addition to boat sales, MarineMax provides related services including brokerage, financing, insurance, maintenance, repair, parts and storage. Its operations also include marinas and boating-related hospitality or charter services in select markets, allowing the company to support customers throughout the ownership lifecycle.

MarineMax primarily serves customers in the United States through a network of dealerships and marinas, with a particularly strong presence in Florida and other coastal markets, as well as locations in regions such as the Northeast, Midwest, Southeast and Texas.