MarineMax, Inc. (NYSE:HZO) Receives $41.83 Average Price Target from Brokerages

MarineMax, Inc. (NYSE:HZO) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $41.83.

Several analysts recently issued reports on HZO shares. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Benchmark started coverage on MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective for the company.

Institutional Trading of MarineMax

Large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in shares of MarineMax in the 2nd quarter valued at approximately $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in MarineMax during the third quarter valued at $67,000. Point72 Asset Management L.P. purchased a new position in MarineMax during the third quarter valued at $143,000. Bfsg LLC grew its position 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 buying an additional 681 shares during the period. Finally, Systematic Financial Management LP bought a new position in shares of MarineMax in the 3rd quarter worth about $183,000. 92.85% of the stock is owned by institutional investors.

MarineMax Price Performance

Shares of MarineMax stock opened at $27.95 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. MarineMax has a 52-week low of $22.51 and a 52-week high of $38.20. The company has a fifty day moving average of $29.77 and a 200-day moving average of $31.28. The stock has a market capitalization of $634.19 million, a price-to-earnings ratio of 16.94 and a beta of 1.89.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The firm had revenue of $563.10 million during the quarter, compared to analyst estimates of $576.49 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities research analysts expect that MarineMax will post 2.25 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.