RBF Capital LLC Increases Holdings in MarineMax, Inc. $HZO

RBF Capital LLC boosted its position in MarineMax, Inc. (NYSE:HZO) by 32.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 106,830 shares of the specialty retailer’s stock after buying an additional 26,410 shares during the period. RBF Capital LLC’s holdings in MarineMax were worth $2,891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in MarineMax by 54.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 374 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 808 shares during the last quarter. Fifth Third Bancorp increased its position in shares of MarineMax by 3,613.3% in the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 4,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MarineMax by 129.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 2,996 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of MarineMax by 5,419.5% during the 1st quarter. Bessemer Group Inc. now owns 6,789 shares of the specialty retailer’s stock worth $184,000 after buying an additional 6,666 shares during the last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Northcoast Research set a $39.00 price target on shares of MarineMax in a report on Friday, July 24th. Truist Financial increased their price target on shares of MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, July 6th. B. Riley Financial downgraded MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.40.

MarineMax Trading Down 4.4%

MarineMax stock opened at $33.93 on Thursday. The stock has a market cap of $749.48 million, a PE ratio of 242.38 and a beta of 1.58. The stock has a 50-day moving average price of $34.74 and a 200 day moving average price of $30.85. MarineMax, Inc. has a 52 week low of $21.41 and a 52 week high of $38.14. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The firm had revenue of $611.26 million during the quarter, compared to analysts’ expectations of $682.29 million. During the same quarter last year, the company posted ($2.42) earnings per share. MarineMax’s revenue for the quarter was down 7.0% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Equities research analysts predict that MarineMax, Inc. will post 0.69 earnings per share for the current fiscal year.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.