MarineMax (NYSE:HZO) Stock Rating Upgraded by StockNews.com

MarineMax (NYSE:HZO) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other equities research analysts also recently weighed in on HZO. Benchmark initiated coverage on MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target on the stock. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and increased their target price for the stock from $40.00 to $44.00 in a research note on Monday, September 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, MarineMax currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.83.

MarineMax Stock Down 3.1 %

NYSE HZO opened at $27.77 on Thursday. 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 has a 52 week low of $22.51 and a 52 week high of $39.60. The firm has a market capitalization of $627.46 million, a price-to-earnings ratio of 16.83 and a beta of 1.87. The company has a fifty day moving average of $30.56 and a two-hundred day moving average of $31.84.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The firm 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 company earned $0.69 EPS. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, analysts predict that MarineMax will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On MarineMax

Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings 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 valued at $267,000 after acquiring an additional 408 shares in the last quarter. Bfsg LLC raised its holdings in shares of MarineMax by 19.1% in the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 681 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MarineMax by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock valued at $413,000 after purchasing an additional 905 shares in the last quarter. Empowered Funds LLC lifted its position in shares of MarineMax by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer’s stock worth $757,000 after purchasing an additional 1,072 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of MarineMax by 7.0% during the third quarter. Janus Henderson Group PLC now owns 20,066 shares of the specialty retailer’s stock valued at $707,000 after purchasing an additional 1,319 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.