MarineMax (NYSE:HZO) Shares Gap Up to $30.36

MarineMax, Inc. (NYSE:HZO)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $30.36, but opened at $32.80. MarineMax shares last traded at $33.13, with a volume of 57,111 shares traded.

Analyst Ratings Changes

HZO has been the topic of several recent research reports. DA Davidson reaffirmed a “buy” rating and issued a $34.00 price target on shares of MarineMax in a research report on Friday, March 15th. Stifel Nicolaus decreased their price target on MarineMax from $37.00 to $35.00 and set a “buy” rating for the company in a report on Friday, April 26th. Finally, Truist Financial cut their price objective on shares of MarineMax from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.75.

MarineMax Price Performance

The firm has a market cap of $739.69 million, a PE ratio of 12.04 and a beta of 1.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.24 and a quick ratio of 0.34. The business’s fifty day moving average is $30.00 and its 200-day moving average is $31.08.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.55). MarineMax had a return on equity of 7.66% and a net margin of 2.56%. The company had revenue of $582.90 million for the quarter, compared to analysts’ expectations of $590.19 million. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts predict that MarineMax, Inc. will post 2.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Levin Capital Strategies L.P. increased its holdings in MarineMax by 140.6% in the 1st quarter. Levin Capital Strategies L.P. now owns 1,045,514 shares of the specialty retailer’s stock worth $34,774,000 after acquiring an additional 610,994 shares during the last quarter. Broad Bay Capital Management LP boosted its holdings in MarineMax by 34.1% in the 4th quarter. Broad Bay Capital Management LP now owns 704,034 shares of the specialty retailer’s stock worth $27,387,000 after buying an additional 179,034 shares during the period. Charles Schwab Investment Management Inc. grew its stake in MarineMax by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,701 shares of the specialty retailer’s stock valued at $17,766,000 after buying an additional 31,856 shares in the last quarter. Vanguard Group Inc. raised its holdings in MarineMax by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 1,468,991 shares of the specialty retailer’s stock valued at $48,859,000 after acquiring an additional 29,473 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of MarineMax by 50.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 84,967 shares of the specialty retailer’s stock worth $3,305,000 after acquiring an additional 28,467 shares in the last quarter. 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.