MarineMax (NYSE:HZO) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of MarineMax (NYSE:HZO) from a sell rating to a hold rating in a research report report published on Friday morning.

Several other equities analysts also recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of MarineMax in a research note on Friday. DA Davidson reduced their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

MarineMax Trading Down 4.8 %

MarineMax stock opened at $30.81 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The firm has a market cap of $699.08 million, a PE ratio of 18.67 and a beta of 1.89. The stock’s 50 day simple moving average is $29.64 and its two-hundred day simple moving average is $31.23. MarineMax has a 12 month low of $22.51 and a 12 month high of $38.20.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. Analysts anticipate that MarineMax will post 2.25 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in MarineMax by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock valued at $46,767,000 after acquiring an additional 110,601 shares in the last quarter. Victory Capital Management Inc. grew its holdings in MarineMax by 134.3% during the third quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer’s stock worth $4,565,000 after acquiring an additional 74,173 shares during the period. Millennium Management LLC lifted its stake in shares of 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 purchasing an additional 74,451 shares during the period. Algert Global LLC acquired a new stake in shares of MarineMax in the 3rd quarter worth approximately $4,949,000. Finally, Intech Investment Management LLC acquired a new stake in MarineMax in the 3rd quarter valued at about $912,000. 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.