The double downgrade with earnings imminent adds a cautionary note, but the unchanged PT and mixed institutional flows suggest limited conviction behind the bearish call. Traders should treat this as a pre-earnings de-risking signal rather than a fundamental deterioration — watch the July 22 print for confirmation.
Price Chart
Executive Summary
B. Riley Securities double-downgraded MarineMax (HZO) from Buy to Neutral on July 21, 2026, maintaining a $35 price target. The firm, with 54% accuracy on 986 calls and a 10% average return, is now the most bearish among 13 analysts covering the stock. Consensus remains heavily bullish at 77% Buy (10 of 13), with a mean target of $36.86 and a high of $42. The downgrade comes one day before HZO's next earnings report on July 22, adding timing significance. EPS revisions over the past 30 days are mixed: 4 upward vs 3 downward for the +1y period, and 3 up vs 4 down for the current fiscal year. Institutional activity is split, with Farther Finance adding 93.8% and Franklin Resources doubling its stake, while Morgan Stanley and Wells Fargo trimmed. No insider or congressional trades were recorded. The downgrade is a contrarian call against a bullish consensus, but the unchanged PT and moderate firm accuracy limit its bearish force.
Impact Score
Consensus & Targets
Of 13 analysts covering HZO, 10 rate it Buy (4 Strong Buy, 6 Buy) and 3 rate it Hold — a 77% Buy consensus. No Sell ratings exist. The consensus is firmly bullish, making B. Riley's downgrade a contrarian move.
The mean price target is $36.86, median $35, high $42, low $33. At $34.52, HZO trades 6.8% below the mean target and 1.4% below B. Riley's $35 PT, which sits at the median. The high target of $42 implies 21.7% upside.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-07-21 | B. Riley Securities | downgrade | Neutral | $35.00 |
| 2026-07-06 | Truist Securities | maintain | Buy | — |
| 2026-01-30 | B. Riley Securities | reiterate | Buy | $29.00 |
| 2025-12-23 | Loop Capital | initiate | Buy | $29.00 |
| 2025-10-15 | Truist Securities | maintain | Buy | $29.00 |
| 2025-06-16 | Citigroup | maintain | Buy | $32.00 |
| 2025-04-17 | Citigroup | maintain | Buy | $24.00 |
| 2025-04-14 | Truist Securities | maintain | Buy | $26.00 |
| 2025-01-24 | Benchmark | reiterate | Buy | $40.00 |
| 2025-01-22 | DA Davidson | maintain | Buy | $35.00 |
In the last 30 days, there has been 1 downgrade (this one) and 0 upgrades. EPS revision trends are mixed: for the +1y period, 4 upward revisions vs 3 downward; for the current fiscal year, 3 up vs 4 down. Estimates have ticked up slightly over the past week but remain near prior levels.
Firm Track Record — B. Riley Securities
B. Riley Securities accuracy: 54% on 986 calls | avg return: 10%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 5 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Citigroup | 100% | 3/3 | 13.7% | top tier |
| Truist Securities | 75% | 3/4 | 18.3% | top tier |
| Stifel | 50% | 1/2 | 16.6% | below average |
| Benchmark | 0% | 0/2 | -21.3% | below average |
| DA Davidson | 0% | 0/3 | -19.1% | below average |
B. Riley Securities has a 54% accuracy rate on 986 scored calls with a 10% average return — above the average of firms covering HZO. Among peers, Citigroup (100% on 3 calls) and Truist Securities (75% on 4) have better accuracy but tiny samples. Benchmark (0% on 2) and DA Davidson (0% on 3) are the worst performers.
Earnings Estimates
Next earnings: Jul 22, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1y | $1.64 | $0.95 — $2.00 | $2.4B | ↑4 ↓0 |
| 0y | $0.74 | $0.60 — $0.97 | $2.3B | ↑3 ↓0 |
| 0q | $0.83 | $0.71 — $1.04 | $682.4M | ↑2 ↓0 |
| +1q | $0.09 | $0.04 — $0.18 | $564.1M | ↑1 ↓0 |
Cross-Platform Signals
No insider trades or congressional activity were reported. Institutional moves are mixed: Farther Finance Advisors added 93.8% ($18.2M) and Franklin Resources doubled its stake (273.4%, $2.0B), while Ameriprise trimmed 39.4%, Wells Fargo trimmed 64.7%, and Morgan Stanley trimmed 50.9%. Short interest data is unavailable. The institutional picture shows both conviction buying and profit-taking, diverging from the bearish analyst signal.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | ANALYST-DOWNGRADE | $52.13 $52.20 | ▼ −0.13% | ▼ −2.03% | $52.35 (−0.42%) |
Aug 11, 2026 7w ago | ANALYST-DOWNGRADE | $52.46 $52.17 | ▲ +0.55% | ▼ −0.51% | $52.35 (+0.21%) |
Aug 11, 2026 7w ago | ANALYST-DOWNGRADE | $52.46 $52.17 | ▲ +0.55% | ▼ −0.51% | $52.35 (+0.21%) |
Aug 10, 2026 7w ago | DEFA14A | $52.46 $52.17 | ▼ −0.55% | ▲ +0.51% | $52.35 (−0.21%) |
Aug 10, 2026 7w ago | DEFA14A | $52.12 $52.17 | ▲ +0.10% | ▲ +1.01% | $52.35 (+0.44%) |
Aug 10, 2026 7w ago | 8-K | $52.12 $52.17 | ▲ +0.10% | ▲ +1.01% | $52.35 (+0.44%) |
Jul 23, 2026 10w ago | 8-K | $33.57 $52.25 | ▲ +55.64% | ▲ +52.34% | $52.35 (+55.94%) |
Jul 21, 2026 10w ago | ANALYST-DOWNGRADE | $33.23 $52.18 | ▼ −57.03% | ▼ −54.46% | $52.35 (−57.54%) |
Jun 30, 2026 13w ago | 8-K | $35.75 $33.96 | ▼ −5.01% | ▼ −2.82% | $52.35 (+46.43%) |
Apr 23, 2026 23w ago | 8-K | $29.62 $33.59 | ▼ −13.40% | ▼ −8.77% | $52.35 (−76.74%) |
US Market Status
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