MarineMax (NYSE:HZO) Price Target Raised to $44.00 at Truist Financial

MarineMax (NYSE:HZO) had its target price upped by Truist Financial from $35.00 to $44.00 in a research report released on Friday, Benzinga reports. Truist Financial currently has a buy rating on the specialty retailer’s stock.

HZO has been the topic of several other research reports. B. Riley decreased their price objective on MarineMax from $48.00 to $46.00 and set a buy rating on the stock in a report on Wednesday, July 10th. Stifel Nicolaus raised their price objective on MarineMax from $35.00 to $40.00 and gave the stock a buy rating in a report on Friday, July 12th. Finally, DA Davidson raised their price objective on MarineMax from $34.00 to $37.00 and gave the stock a buy rating in a report on Wednesday, July 24th. One 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 company presently has a consensus rating of Moderate Buy and an average price target of $41.75.

MarineMax Price Performance

Shares of NYSE:HZO opened at $37.20 on Friday. The business’s fifty day moving average price is $32.30 and its two-hundred day moving average price is $30.82. The stock has a market cap of $830.30 million, a PE ratio of 13.48 and a beta of 1.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20. MarineMax has a one year low of $22.51 and a one year high of $42.88.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. The firm had revenue of $757.72 million for the quarter, compared to analysts’ expectations of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. MarineMax’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.07 EPS. On average, analysts forecast that MarineMax will post 2.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in MarineMax by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,468,991 shares of the specialty retailer’s stock valued at $48,859,000 after purchasing an additional 29,473 shares during the period. Levin Capital Strategies L.P. increased its position in shares of MarineMax by 140.6% during the first 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 increased its position in shares of MarineMax by 34.1% during the fourth quarter. Broad Bay Capital Management LP now owns 704,034 shares of the specialty retailer’s stock worth $27,387,000 after acquiring an additional 179,034 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MarineMax by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,701 shares of the specialty retailer’s stock worth $17,766,000 after acquiring an additional 31,856 shares during the last quarter. Finally, Private Management Group Inc. increased its position in shares of MarineMax by 6.1% during the first quarter. Private Management Group Inc. now owns 448,313 shares of the specialty retailer’s stock worth $14,911,000 after acquiring an additional 25,670 shares during the last quarter. Institutional investors and hedge funds 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.