MarineMax, Inc. (NYSE:HZO) Stock Has Consensus Price Target of $43.00 According to Brokerages

Shares of MarineMax, Inc. (NYSE:HZO) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.00.

A number of research analysts have commented on the stock. B. Riley Financial downgraded shares of 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. 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 report on Tuesday, August 11th. Truist Financial lowered shares of MarineMax from a “buy” rating to a “hold” rating and upped their target price for the company from $39.00 to $53.00 in a research note on Wednesday, August 12th. Benchmark cut shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HZO. BlackRock Inc. bought a new stake in shares of MarineMax in the 2nd quarter valued at approximately $116,412,000. Boothbay Fund Management LLC raised its position in shares of MarineMax by 13.0% during the 4th quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer’s stock valued at $18,776,000 after acquiring an additional 89,080 shares in the last quarter. CenterBook Partners LP lifted its stake in MarineMax by 74.7% during the fourth quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock worth $12,901,000 after purchasing an additional 227,734 shares during the last quarter. Gagnon Securities LLC lifted its stake in MarineMax by 23.2% during the fourth quarter. Gagnon Securities LLC now owns 322,053 shares of the specialty retailer’s stock worth $7,803,000 after purchasing an additional 60,704 shares during the last quarter. Finally, De Lisle Partners LLP acquired a new position in MarineMax in the second quarter worth $6,170,000. Institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

Shares of HZO opened at $52.33 on Tuesday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 373.75 and a beta of 1.70. The company has a quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $48.54 and its two-hundred day moving average is $37.72. MarineMax has a 52-week low of $21.42 and a 52-week high of $52.56.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 1.51% and a net margin of 0.18%.The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Analysts forecast that MarineMax will post 0.69 EPS for the current fiscal year.

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.