MarineMax (NYSE:HZO) Share Price Passes Above Two Hundred Day Moving Average of $30.68

Shares of MarineMax, Inc. (NYSE:HZO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.68 and traded as high as $30.99. MarineMax shares last traded at $30.29, with a volume of 271,820 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HZO shares. Stifel Nicolaus upped their price objective on shares of MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 12th. B. Riley decreased their price objective on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. DA Davidson raised their price objective on shares of MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Truist Financial upped their target price on MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, MarineMax presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.75.

MarineMax Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.36. The firm has a market capitalization of $688.43 million, a PE ratio of 11.20 and a beta of 1.84. The firm has a fifty day moving average price of $32.71 and a 200 day moving average price of $30.70.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $720.30 million. During the same period in the prior year, the firm earned $2.07 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that MarineMax, Inc. will post 2.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Broad Bay Capital Management LP grew its stake in MarineMax by 34.1% during the 4th quarter. Broad Bay Capital Management LP now owns 704,034 shares of the specialty retailer’s stock valued at $27,387,000 after acquiring an additional 179,034 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake 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 valued at $3,305,000 after buying an additional 28,467 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in MarineMax in the 4th quarter worth approximately $959,000. Bfsg LLC acquired a new stake in shares of MarineMax during the 4th quarter valued at $133,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of MarineMax during the 4th quarter valued at $389,000. 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.