MarineMax, Inc. (NYSE:HZO) Short Interest Update

MarineMax, Inc. (NYSE:HZO) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,870,000 shares, an increase of 7.5% from the September 30th total of 1,740,000 shares. Currently, 9.6% of the shares of the company are sold short. Based on an average daily volume of 275,000 shares, the short-interest ratio is presently 6.8 days.

Wall Street Analyst Weigh In

HZO has been the topic of several research reports. DA Davidson boosted their target price on MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and upped their price objective for the company from $40.00 to $44.00 in a report on Monday, September 9th. B. Riley reduced their target price on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Stifel Nicolaus upped their price target on shares of MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Truist Financial lifted their price objective on shares of MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.83.

MarineMax Price Performance

Shares of MarineMax stock traded up $0.16 on Friday, reaching $29.29. The stock had a trading volume of 7,087 shares, compared to its average volume of 308,999. The business’s 50 day moving average is $32.03 and its two-hundred day moving average is $31.05. The company has a market cap of $653.69 million, a P/E ratio of 13.56 and a beta of 1.82. MarineMax has a 1 year low of $22.51 and a 1 year high of $39.85. The company has a current ratio of 1.20, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $563.10 million during the quarter, compared to the consensus estimate of $576.49 million. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. As a group, research analysts anticipate that MarineMax will post 2.06 EPS for the current year.

Hedge Funds Weigh In On MarineMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HZO. The Manufacturers Life Insurance Company boosted its position in shares of MarineMax by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock valued at $267,000 after acquiring an additional 408 shares during the last quarter. Janus Henderson Group PLC lifted its position in MarineMax by 3.3% during the first quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer’s stock valued at $553,000 after purchasing an additional 529 shares during the last quarter. Texas Permanent School Fund Corp grew its stake 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 buying an additional 536 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of MarineMax by 2.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer’s stock worth $652,000 after buying an additional 567 shares during the last quarter. Finally, Bfsg LLC raised its position in shares of MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after buying an additional 681 shares in the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

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.