MarineMax (NYSE:HZO) Given New $37.00 Price Target at DA Davidson

MarineMax (NYSE:HZO) had its price target increased by DA Davidson from $34.00 to $37.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Other analysts have also recently issued reports about the stock. Truist Financial lowered their price objective on shares of MarineMax from $40.00 to $35.00 and set a buy rating for the company in a research note on Friday, April 26th. Stifel Nicolaus upped their price target on shares of MarineMax from $35.00 to $40.00 and gave the stock a buy rating in a research report on Friday, July 12th. Finally, B. Riley decreased their price target on shares of MarineMax from $48.00 to $46.00 and set a buy rating for the company in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $41.75.

MarineMax Stock Up 0.3 %

Shares of NYSE HZO opened at $37.20 on Wednesday. MarineMax has a 52-week low of $22.51 and a 52-week high of $42.88. The firm has a fifty day moving average of $32.30 and a 200-day moving average of $30.85. The stock has a market capitalization of $829.56 million, a PE ratio of 13.48 and a beta of 1.83. The company has a quick ratio of 0.34, a current ratio of 1.20 and a debt-to-equity ratio of 0.37.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.16. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. The company had revenue of $757.72 million during the quarter, compared to analysts’ expectations of $720.30 million. During the same period in the previous year, the company earned $2.07 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate that MarineMax will post 2.35 EPS for the current year.

Institutional Trading of MarineMax

A number of institutional investors have recently added to or reduced their stakes in the business. Broad Bay Capital Management LP lifted 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in MarineMax by 50.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 84,967 shares of the specialty retailer’s stock worth $3,305,000 after buying an additional 28,467 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in MarineMax in the 4th quarter worth $959,000. Bfsg LLC acquired a new position in MarineMax in the 4th quarter worth $133,000. Finally, Louisiana State Employees Retirement System acquired a new position in MarineMax in the 4th quarter worth $389,000. 92.85% of the stock is 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.