MarineMax (NYSE:HZO) Shares Gap Up – Should You Buy?

MarineMax, Inc. (NYSE:HZO) gapped up prior to trading 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 traded.

Wall Street Analysts Forecast Growth

HZO has been the topic of a number of recent research reports. Benchmark started coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price on the stock. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Finally, Citigroup upgraded 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 research note on Monday, September 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.83.

MarineMax Stock Up 6.3 %

The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a market cap of $736.89 million, a price-to-earnings ratio of 18.60 and a beta of 1.87. The stock’s 50 day moving average is $30.97 and its 200 day moving average is $32.11.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, beating 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 business had revenue of $563.10 million for the quarter, compared to analyst estimates of $576.49 million. During the same quarter last year, the business earned $0.69 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts forecast that MarineMax, Inc. will post 2.33 EPS for the current year.

Institutional Trading of MarineMax

A number of large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in MarineMax during the third quarter worth approximately $236,000. Systematic Financial Management LP acquired a new position in MarineMax in the 3rd quarter worth approximately $183,000. RBF Capital LLC boosted its stake in MarineMax by 55.9% in the 3rd quarter. RBF Capital LLC now owns 93,544 shares of the specialty retailer’s stock worth $3,299,000 after purchasing an additional 33,544 shares during the period. Point72 Asset Management L.P. acquired a new position in MarineMax in the 3rd quarter worth approximately $143,000. Finally, Portolan Capital Management LLC acquired a new position in MarineMax in the 3rd quarter worth approximately $11,271,000. 92.85% of the stock is currently owned by institutional investors.

About MarineMax

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.