MarineMax (NYSE:HZO) Reaches New 12-Month High – Still a Buy?

MarineMax, Inc. (NYSE:HZO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.95 and last traded at $51.8950, with a volume of 1621051 shares trading hands. The stock had previously closed at $35.68.

More MarineMax News

Here are the key news stories impacting MarineMax this week:

• Positive Sentiment: Safe Harbor will purchase all outstanding MarineMax shares for $53.00 per share in cash. The offer substantially exceeds MarineMax’s pre-announcement trading range, prompting the stock to move close to the buyout price and reach a new 52-week high. MarineMax acquisition announcement
• Positive Sentiment: The definitive agreement resolves a previously reported strategic-sale process involving multiple potential bidders and crystallizes value for shareholders. The all-cash structure also removes direct exposure to MarineMax’s future operating performance if the transaction closes. MarineMax shares surge on Safe Harbor takeover report
• Positive Sentiment: Investor commentary characterized the $53-per-share bid as attractive, helping support the stock’s rapid repricing toward the offer value. Analysis of Blackstone’s MarineMax bid

Analysts Set New Price Targets

HZO has been the subject of several research reports. Loop Capital downgraded MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a report on Tuesday. Truist Financial raised their price target on MarineMax from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. B. Riley Financial cut MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Tuesday, July 21st. Finally, Benchmark downgraded MarineMax from a “buy” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.20.

MarineMax Trading Up 0.4%

The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 373.89 and a beta of 1.58. The business’s 50 day moving average price is $35.53 and its 200-day moving average price is $31.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 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 analyst estimates of $682.29 million. During the same quarter in the previous year, the business earned ($2.42) EPS. 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 analysts forecast that MarineMax, Inc. will post 0.69 EPS for the current fiscal year.

Institutional Trading of MarineMax

A number of institutional investors have recently modified their holdings of HZO. Russell Investments Group Ltd. raised its position in MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 808 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of MarineMax by 22.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock worth $71,000 after purchasing an additional 360 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of MarineMax by 3,613.3% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 4,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MarineMax by 129.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 2,996 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in shares of MarineMax in the 1st quarter valued at about $168,000. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

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.