Analysts Set MarineMax, Inc. (NYSE:HZO) PT at $41.83

Shares of MarineMax, Inc. (NYSE:HZO) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $41.83.

HZO has been the subject of several analyst reports. Benchmark initiated coverage on MarineMax in a research report on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price for the company. Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and raised their target price for the stock from $40.00 to $44.00 in a research report on Monday, September 9th. Finally, StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd.

MarineMax Stock Up 9.1 %

Shares of HZO opened at $33.35 on Friday. MarineMax has a 52 week low of $22.51 and a 52 week high of $39.85. The stock has a market capitalization of $753.38 million, a price-to-earnings ratio of 20.21 and a beta of 1.85. 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 fifty day moving average of $31.72 and a 200-day moving average of $31.63.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $563.10 million during the quarter, compared to analysts’ expectations of $576.49 million. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. MarineMax’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. As a group, sell-side analysts anticipate that MarineMax will post 2.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MarineMax

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board bought a new stake in shares of MarineMax in the 2nd quarter worth approximately $52,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MarineMax in the 3rd quarter worth approximately $67,000. Point72 Asset Management L.P. bought a new stake in shares of MarineMax in the 3rd quarter worth approximately $143,000. 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 worth $150,000 after purchasing an additional 681 shares during the period. Finally, Systematic Financial Management LP bought a new stake in shares of MarineMax in the 3rd quarter worth approximately $183,000. 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.