MarineMax (NYSE:HZO) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

MarineMax, Inc. (NYSE:HZO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.48 and traded as high as $36.86. MarineMax shares last traded at $35.9280, with a volume of 193,488 shares.

Analyst Ratings Changes

A number of research firms have weighed in on HZO. Truist Financial set a $34.00 price objective on shares of MarineMax in a report on Tuesday, April 21st. B. Riley Financial reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Finally, Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, MarineMax currently has an average rating of “Moderate Buy” and an average price target of $31.75.

MarineMax Stock Performance

The firm has a market cap of $760.70 million, a price-to-earnings ratio of -11.74 and a beta of 1.58. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $33.54 and a 200-day moving average price of $29.55.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $527.41 million for the quarter, compared to analyst estimates of $617.21 million. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The business’s revenue was down 16.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, analysts expect that MarineMax, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its position in MarineMax by 54.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 374 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of MarineMax by 93.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 808 shares during the period. Fifth Third Bancorp increased its holdings in shares of MarineMax by 3,613.3% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 4,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MarineMax by 129.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of MarineMax by 5,419.5% in the first quarter. Bessemer Group Inc. now owns 6,789 shares of the specialty retailer’s stock valued at $184,000 after purchasing an additional 6,666 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

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.