MarineMax, Inc. (NYSE:HZO) Short Interest Update

MarineMax, Inc. (NYSE:HZO) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 1,740,000 shares, a decline of 15.9% from the September 15th total of 2,070,000 shares. Approximately 8.9% of the shares of the company are sold short. Based on an average daily volume of 301,900 shares, the short-interest ratio is presently 5.8 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of MarineMax by 50.4% during 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 purchasing an additional 28,467 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in MarineMax by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after buying an additional 110,601 shares in the last quarter. Victory Capital Management Inc. grew its position in MarineMax by 60.0% during the second quarter. Victory Capital Management Inc. now owns 55,243 shares of the specialty retailer’s stock worth $1,788,000 after buying an additional 20,724 shares during the period. Millennium Management LLC increased its holdings in MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after buying an additional 74,451 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of MarineMax by 1.6% during the 1st quarter. Sei Investments Co. now owns 301,781 shares of the specialty retailer’s stock valued at $10,037,000 after acquiring an additional 4,825 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

Shares of NYSE:HZO traded down $0.64 during midday trading on Wednesday, hitting $32.62. The stock had a trading volume of 205,961 shares, compared to its average volume of 313,910. MarineMax has a 1 year low of $22.51 and a 1 year high of $39.85. The company has a current ratio of 1.20, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $31.89 and a two-hundred day moving average price of $31.02. The company has a market capitalization of $727.46 million, a PE ratio of 11.84 and a beta of 1.82.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The company had revenue of $757.72 million for the quarter, compared to analyst estimates of $720.30 million. During the same quarter in the previous year, the company earned $2.07 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that MarineMax will post 2.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial raised their price target on MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. DA Davidson increased their price target on shares of MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. B. Riley lowered their price objective on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and upped their target price for the company from $40.00 to $44.00 in a report on Monday, September 9th. Finally, Stifel Nicolaus raised their price target on MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.83.

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.