DA Davidson Cuts MarineMax (NYSE:HZO) Price Target to $35.00

MarineMax (NYSE:HZO) had its target price lowered by DA Davidson from $38.00 to $35.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

HZO has been the topic of several other research reports. Benchmark initiated coverage on shares of MarineMax in a research note on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price on the stock. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, MarineMax presently has an average rating of “Moderate Buy” and an average target price of $41.50.

MarineMax Stock Down 4.8 %

Shares of NYSE:HZO opened at $30.81 on Wednesday. MarineMax has a 12 month low of $22.51 and a 12 month high of $38.20. The company’s 50-day moving average price is $29.64 and its two-hundred day moving average price is $31.23. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a market cap of $699.08 million, a P/E ratio of 18.67 and a beta of 1.89.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. As a group, research analysts forecast that MarineMax will post 2.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HZO. Dimensional Fund Advisors LP boosted its stake in MarineMax by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after acquiring an additional 110,601 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in MarineMax during the 2nd quarter worth approximately $52,000. Public Sector Pension Investment Board boosted its stake in MarineMax by 7.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 44,654 shares of the specialty retailer’s stock worth $1,445,000 after acquiring an additional 3,273 shares during the last quarter. Marshall Wace LLP bought a new position in MarineMax during the 2nd quarter worth approximately $669,000. Finally, AQR Capital Management LLC boosted its stake in MarineMax by 43.4% during the 2nd quarter. AQR Capital Management LLC now owns 16,202 shares of the specialty retailer’s stock worth $524,000 after acquiring an additional 4,905 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.

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.