MarineMax (NYSE:HZO) Trading Down 4.8% – Should You Sell?

MarineMax, Inc. (NYSE:HZOGet Free Report) shares fell 4.8% during trading on Monday . The company traded as low as $32.58 and last traded at $32.68. 34,249 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 300,641 shares. The stock had previously closed at $34.32.

Analysts Set New Price Targets

HZO has been the topic of a number of research reports. Benchmark initiated coverage on MarineMax in a research note on Tuesday, October 15th. They set a “buy” rating and a $40.00 price target on the stock. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. Finally, Citigroup raised 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. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.83.

Check Out Our Latest Research Report on MarineMax

MarineMax Stock Performance

The stock has a market capitalization of $725.86 million, a price-to-earnings ratio of 19.67 and a beta of 1.87. The firm has a fifty day moving average of $31.36 and a 200-day moving average of $31.85. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZOGet Free Report) last released its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, topping 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 company had revenue of $563.10 million during the quarter, compared to analysts’ expectations of $576.49 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that MarineMax, Inc. will post 2.33 EPS for the current year.

Institutional Investors Weigh In On MarineMax

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of MarineMax by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after buying an additional 408 shares during the period. Janus Henderson Group PLC boosted its stake in MarineMax by 3.3% during the 1st 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 in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of MarineMax by 2.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer’s stock worth $652,000 after acquiring an additional 567 shares in the last quarter. Bfsg LLC boosted its position in shares of MarineMax by 19.1% in the third 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, Price T Rowe Associates Inc. MD boosted its position in shares of MarineMax by 17.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock worth $205,000 after buying an additional 924 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

(Get Free Report)

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.

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