MarineMax (NYSE:HZO) Sees Unusually-High Trading Volume – Time to Buy?

Shares of MarineMax, Inc. (NYSE:HZO) saw strong trading volume on Thursday . 505,604 shares changed hands during trading, an increase of 12% from the previous session’s volume of 451,339 shares.The stock last traded at $52.1250 and had previously closed at $52.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. Loop Capital cut shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research note on Tuesday, August 11th. Benchmark lowered shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Truist Financial cut shares of MarineMax from a “buy” rating to a “hold” rating and increased their target price for the stock from $39.00 to $53.00 in a report on Wednesday, August 12th. Finally, B. Riley Financial downgraded shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.00.

MarineMax Stock Performance

The company has a quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $41.27 and a two-hundred day simple moving average of $34.20. The stock has a market capitalization of $1.15 billion, a P/E ratio of 372.54 and a beta of 1.66.

MarineMax (NYSE:HZO) last announced its quarterly earnings data 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). The company had revenue of $611.26 million for the quarter, compared to the consensus estimate of $682.29 million. MarineMax had a return on equity of 1.51% and a net margin of 0.18%.The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities analysts forecast that MarineMax, Inc. will post 0.69 EPS for the current fiscal year.

Institutional Trading of MarineMax

Large investors have recently added to or reduced their stakes in the company. Amundi bought a new stake in shares of MarineMax in the 2nd quarter valued at about $226,000. California State Teachers Retirement System grew its holdings in MarineMax by 4,112.8% during the second quarter. California State Teachers Retirement System now owns 774,696 shares of the specialty retailer’s stock worth $28,369,000 after purchasing an additional 756,307 shares during the period. Round Rock Advisors LLC increased its position in MarineMax by 92.0% during the second quarter. Round Rock Advisors LLC now owns 120,030 shares of the specialty retailer’s stock worth $4,395,000 after buying an additional 57,521 shares during the last quarter. Empowered Funds LLC bought a new stake in MarineMax in the second quarter valued at approximately $4,093,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of MarineMax in the second quarter valued at approximately $59,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

About MarineMax

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.