MarineMax’s (HZO) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of MarineMax (NYSE:HZO) in a research report released on Friday,Benzinga reports. Benchmark currently has a $40.00 price target on the specialty retailer’s stock.

A number of other equities analysts have also recently issued reports on the stock. DA Davidson cut their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.50.

MarineMax Trading Down 4.8 %

NYSE HZO opened at $30.81 on Friday. MarineMax has a 52 week low of $22.51 and a 52 week high of $38.20. The stock has a market cap of $699.08 million, a P/E ratio of 18.67 and a beta of 1.89. 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 company’s fifty day simple moving average is $29.64 and its 200-day simple moving average is $31.23.

MarineMax (NYSE:HZO) last announced its 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 return on equity of 5.09% and a net margin of 1.57%. Equities research analysts predict that MarineMax will post 2.25 EPS for the current fiscal year.

Institutional Investors Weigh In On MarineMax

Large investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in shares of MarineMax during the second quarter worth approximately $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in MarineMax in the third quarter worth approximately $67,000. Point72 Asset Management L.P. bought a new position in shares of MarineMax during the 3rd quarter valued at $143,000. Bfsg LLC raised its holdings in MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after buying an additional 681 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of MarineMax during the 3rd quarter worth about $183,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

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.