MarineMax (NYSE:HZO) Sets New 52-Week High – Should You Buy?
by Jessica Moore · The Cerbat GemMarineMax, Inc. (NYSE:HZO – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.68 and last traded at $34.2130, with a volume of 213865 shares trading hands. The stock had previously closed at $33.59.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on HZO shares. B. Riley Financial restated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Truist Financial set a $34.00 price target on shares of MarineMax in a research report on Tuesday, April 21st. Weiss Ratings raised shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. National Bank Financial set a $35.00 target price on shares of MarineMax in a research note on Friday, January 30th. Finally, Benchmark reaffirmed a “buy” rating on shares of MarineMax in a report on Friday, January 30th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MarineMax presently has an average rating of “Moderate Buy” and an average price target of $31.80.
Get Our Latest Analysis on MarineMax
MarineMax Trading Up 2.2%
The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.32 and a current ratio of 1.18. The company has a market capitalization of $769.79 million, a PE ratio of -11.89 and a beta of 1.55. The stock has a fifty day moving average of $29.09 and a 200 day moving average of $27.27.
MarineMax (NYSE:HZO – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The firm had revenue of $527.41 million for the quarter, compared to analysts’ expectations of $617.21 million. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, sell-side analysts predict that MarineMax, Inc. will post 0.74 earnings per share for the current fiscal year.
MarineMax announced that its Board of Directors has initiated a share repurchase plan on Wednesday, March 4th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase up to 15.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 374 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in MarineMax by 93.5% during the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 808 shares during the last quarter. Fifth Third Bancorp grew its holdings in MarineMax by 3,613.3% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 4,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MarineMax by 129.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 2,996 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in MarineMax in the 1st quarter worth approximately $168,000. Hedge funds and other institutional investors 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.