MarineMax (NYSE:HZO) PT Lowered to $46.00 at B. Riley

MarineMax (NYSE:HZOFree Report) had its price target reduced by B. Riley from $48.00 to $46.00 in a research report released on Wednesday, Benzinga reports. B. Riley currently has a buy rating on the specialty retailer’s stock. B. Riley also issued estimates for MarineMax’s Q3 2024 earnings at $1.37 EPS, Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $2.20 EPS, Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $1.75 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.90 EPS.

Other research analysts have also issued research reports about the company. DA Davidson reissued a buy rating and issued a $34.00 target price on shares of MarineMax in a research report on Friday, March 15th. Truist Financial cut their target price on MarineMax from $40.00 to $35.00 and set a buy rating on the stock in a research note on Friday, April 26th. Finally, Stifel Nicolaus cut their target price on MarineMax from $37.00 to $35.00 and set a buy rating on the stock in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $38.75.

Check Out Our Latest Report on HZO

MarineMax Trading Up 0.7 %

Shares of HZO stock opened at $36.34 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.24 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $30.52 and a two-hundred day moving average price of $31.09. MarineMax has a 12-month low of $22.51 and a 12-month high of $42.88. The firm has a market cap of $810.38 million, a P/E ratio of 13.17 and a beta of 1.83.

MarineMax (NYSE:HZOGet Free Report) last released its earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). The company had revenue of $582.90 million during the quarter, compared to the consensus estimate of $590.19 million. MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. Equities analysts anticipate that MarineMax will post 2.26 EPS for the current fiscal year.

Hedge Funds Weigh In On MarineMax

A number of institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in MarineMax by 3.3% in the 1st quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer’s stock worth $553,000 after purchasing an additional 529 shares during the period. Texas Permanent School Fund Corp raised its holdings in MarineMax by 3.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 17,628 shares of the specialty retailer’s stock worth $586,000 after purchasing an additional 536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MarineMax by 25.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 696 shares during the period. Swiss National Bank raised its holdings in MarineMax by 1.8% during the first quarter. Swiss National Bank now owns 39,600 shares of the specialty retailer’s stock valued at $1,317,000 after acquiring an additional 700 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in MarineMax by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock valued at $205,000 after acquiring an additional 924 shares during the period. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

About MarineMax

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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.

Further Reading

Analyst Recommendations for MarineMax (NYSE:HZO)

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