MarineMax, Inc. (NYSE:HZO – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 1,880,000 shares, a decrease of 10.5% from the July 15th total of 2,100,000 shares. Currently, 9.6% of the company’s shares are sold short. Based on an average daily trading volume, of 347,600 shares, the short-interest ratio is presently 5.4 days.
MarineMax Stock Up 1.9 %
Shares of NYSE:HZO traded up $0.57 during midday trading on Friday, hitting $30.87. 122,721 shares of the company’s stock were exchanged, compared to its average volume of 334,732. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.36. MarineMax has a 12 month low of $22.51 and a 12 month high of $39.85. The company has a market cap of $688.43 million, a PE ratio of 11.18 and a beta of 1.84. The stock has a 50 day moving average price of $32.71 and a 200-day moving average price of $30.72.
MarineMax (NYSE:HZO – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 EPS for the quarter, topping the consensus estimate of $1.35 by $0.16. The firm had revenue of $757.72 million during the quarter, compared to the consensus estimate of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.07 earnings per share. On average, sell-side analysts anticipate that MarineMax will post 2.33 EPS for the current fiscal year.
Hedge Funds Weigh In On MarineMax
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. B. Riley dropped their price objective on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. DA Davidson raised their target price on MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Truist Financial boosted their target price on MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus increased 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 hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.75.
View Our Latest Research Report on HZO
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.
Further Reading
- Five stocks we like better than MarineMax
- How Technical Indicators Can Help You Find Oversold Stocks
- This Small Cap Wealth Management Stock Could Provide Big Returns
- There Are Different Types of Stock To Invest In
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- What does consumer price index measure?
- MarketBeat Week in Review – 8/12 – 8/16
Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.