MarineMax (NYSE:HZO) had its price target lowered by Longbow Research from $21.00 to $20.00 in a research note released on Friday, BenzingaRatingsTable reports. The firm currently has a buy rating on the specialty retailer’s stock.

HZO has been the topic of a number of other research reports. Craig Hallum lowered MarineMax from a buy rating to a hold rating in a research note on Thursday, July 25th. ValuEngine upgraded Zumiez from a sell rating to a hold rating in a research note on Monday, July 22nd. Raymond James increased their target price on Franco Nevada from $94.00 to $98.00 and gave the stock an outperform rating in a research note on Monday, July 22nd. B. Riley set a $6.00 target price on Intevac and gave the stock a hold rating in a research note on Friday, July 19th. Finally, TheStreet upgraded WillScot from a d- rating to a c- rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $24.92.

NYSE:HZO opened at $15.54 on Friday. The firm’s fifty day moving average is $16.43. MarineMax has a fifty-two week low of $13.73 and a fifty-two week high of $26.11. The stock has a market cap of $421.05 million, a price-to-earnings ratio of 9.14 and a beta of 0.88.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, July 25th. The specialty retailer reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. MarineMax had a return on equity of 10.94% and a net margin of 3.30%. The business had revenue of $383.50 million for the quarter, compared to analyst estimates of $391.48 million. During the same quarter last year, the firm posted $0.79 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts forecast that MarineMax will post 1.65 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of MarineMax by 6.5% during the 4th quarter. BlackRock Inc. now owns 3,731,742 shares of the specialty retailer’s stock worth $68,327,000 after buying an additional 227,836 shares in the last quarter. Eagle Asset Management Inc. grew its position in shares of MarineMax by 1.1% during the 1st quarter. Eagle Asset Management Inc. now owns 2,736,659 shares of the specialty retailer’s stock worth $52,434,000 after buying an additional 30,540 shares in the last quarter. Impala Asset Management LLC grew its position in shares of MarineMax by 13.3% during the 1st quarter. Impala Asset Management LLC now owns 722,532 shares of the specialty retailer’s stock worth $13,844,000 after buying an additional 84,661 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in shares of MarineMax by 10.9% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 479,468 shares of the specialty retailer’s stock worth $9,187,000 after buying an additional 47,200 shares in the last quarter. Finally, Cortina Asset Management LLC grew its position in shares of MarineMax by 13.2% during the 2nd quarter. Cortina Asset Management LLC now owns 427,072 shares of the specialty retailer’s stock worth $7,021,000 after buying an additional 49,738 shares in the last quarter. 93.70% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.

Further Reading: Cost of Goods Sold (COGS)

Analyst Recommendations for MarineMax (NYSE:HZO)

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