OneWater Marine Inc. (NASDAQ:ONEW) Receives $17.00 Consensus Target Price from Analysts

OneWater Marine Inc. (NASDAQ:ONEW) has received an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.00.

Several equities analysts have commented on ONEW shares. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Friday, November 14th. KeyCorp reduced their target price on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Zacks Research upgraded shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a research note on Thursday, January 22nd.

Insider Buying and Selling

In related news, Chairman Philip Austin Jr. Singleton acquired 18,008 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were bought at an average cost of $12.52 per share, with a total value of $225,460.16. Following the completion of the acquisition, the chairman owned 779,776 shares of the company’s stock, valued at $9,762,795.52. This trade represents a 2.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OneWater Marine

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its stake in OneWater Marine by 3.6% in the 3rd quarter. American Century Companies Inc. now owns 2,040,568 shares of the company’s stock valued at $32,323,000 after buying an additional 71,026 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of OneWater Marine by 1.2% during the third quarter. Vanguard Group Inc. now owns 706,260 shares of the company’s stock valued at $11,187,000 after acquiring an additional 8,465 shares during the period. Private Management Group Inc. boosted its stake in shares of OneWater Marine by 2.1% in the 2nd quarter. Private Management Group Inc. now owns 595,511 shares of the company’s stock valued at $7,974,000 after purchasing an additional 12,504 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of OneWater Marine by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock valued at $8,710,000 after purchasing an additional 2,378 shares in the last quarter. Finally, General Equity Holdings LP grew its holdings in shares of OneWater Marine by 17.9% in the 2nd quarter. General Equity Holdings LP now owns 470,246 shares of the company’s stock worth $6,297,000 after purchasing an additional 71,435 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.

OneWater Marine Price Performance

NASDAQ:ONEW opened at $11.39 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 0.26. OneWater Marine has a one year low of $10.14 and a one year high of $18.15. The company has a fifty day moving average price of $12.51 and a 200 day moving average price of $13.96. The stock has a market cap of $189.19 million, a P/E ratio of -1.69 and a beta of 1.67.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Thursday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.35. The company had revenue of $380.56 million for the quarter, compared to the consensus estimate of $380.32 million. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. Analysts anticipate that OneWater Marine will post 1.57 earnings per share for the current year.

OneWater Marine Company Profile

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.