MarineMax (NYSE:HZO) Shares Gap Up – What’s Next?

MarineMax, Inc. (NYSE:HZO) shares gapped up before the market opened on Monday . The stock had previously closed at $30.69, but opened at $32.86. MarineMax shares last traded at $32.47, with a volume of 29,761 shares changing hands.

Wall Street Analyst Weigh In

HZO has been the subject of a number of analyst reports. Benchmark started coverage on shares of MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective for the company. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and raised their price target for the company from $40.00 to $44.00 in a report on Monday, September 9th. Finally, StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The stock has a market cap of $702.03 million, a PE ratio of 18.83 and a beta of 1.87. The company’s 50-day moving average price is $31.04 and its two-hundred day moving average price is $32.16.

MarineMax (NYSE:HZO) last released its quarterly earnings results 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 business had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities research analysts forecast that MarineMax, Inc. will post 2.33 EPS for the current year.

Institutional Trading of MarineMax

Several hedge funds and other institutional investors have recently bought and sold shares of HZO. Dimensional Fund Advisors LP lifted its holdings in shares of MarineMax by 8.3% in 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. Victory Capital Management Inc. raised its position in MarineMax by 134.3% in the 3rd quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer’s stock worth $4,565,000 after purchasing an additional 74,173 shares during the period. Millennium Management LLC lifted its stake in MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock worth $13,012,000 after purchasing an additional 74,451 shares during the last quarter. Algert Global LLC purchased a new stake in MarineMax during the third quarter valued at about $4,949,000. Finally, Intech Investment Management LLC bought a new position in shares of MarineMax during the third quarter valued at about $912,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Company Profile

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.