MarineMax, Inc. (NYSE:HZO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of MarineMax, Inc. (NYSE:HZO) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $41.83.

Several equities research analysts recently commented on HZO shares. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a report on Wednesday. Benchmark started coverage on shares of MarineMax in a research report on Tuesday, October 15th. They set a “buy” rating and a $40.00 price target for the company.

Institutional Trading of MarineMax

Several large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new position in MarineMax in the 2nd quarter worth approximately $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in MarineMax during the third quarter worth approximately $67,000. Point72 Asset Management L.P. purchased a new stake in MarineMax in the 3rd quarter valued at $143,000. Bfsg LLC increased its stake in shares of MarineMax by 19.1% in the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 681 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new position in shares of MarineMax during the 3rd quarter worth $183,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Down 1.0 %

Shares of HZO stock opened at $26.50 on Friday. MarineMax has a twelve month low of $22.51 and a twelve month high of $38.20. The stock has a market cap of $598.77 million, a P/E ratio of 16.06 and a beta of 1.89. The stock has a 50 day moving average of $30.16 and a 200 day moving average of $31.43. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $563.10 million for the quarter, compared to analyst estimates of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. As a group, sell-side analysts expect that MarineMax will post 2.33 EPS for the current year.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.