OneWater Marine (NASDAQ:ONEW) Given New $30.00 Price Target at KeyCorp

OneWater Marine (NASDAQ:ONEW) had its target price cut by KeyCorp from $34.00 to $30.00 in a research note released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently weighed in on ONEW. Stifel Nicolaus lifted their target price on OneWater Marine from $32.00 to $34.00 and gave the stock a buy rating in a report on Wednesday, January 17th. Truist Financial lowered their price objective on shares of OneWater Marine from $38.00 to $35.00 and set a buy rating for the company in a research note on Friday, February 2nd. Finally, DA Davidson reissued a neutral rating and set a $27.00 target price on shares of OneWater Marine in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $31.60.

OneWater Marine Price Performance

NASDAQ ONEW traded up $0.58 during mid-day trading on Friday, reaching $23.26. 110,025 shares of the stock were exchanged, compared to its average volume of 90,699. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.27 and a quick ratio of 0.26. OneWater Marine has a one year low of $20.07 and a one year high of $39.15. The stock has a 50 day simple moving average of $24.98 and a 200-day simple moving average of $26.63.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.08). OneWater Marine had a positive return on equity of 8.90% and a negative net margin of 4.29%. The business had revenue of $364.01 million during the quarter, compared to the consensus estimate of $370.33 million. On average, analysts anticipate that OneWater Marine will post 3.56 earnings per share for the current year.

Hedge Funds Weigh In On OneWater Marine

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in OneWater Marine during the fourth quarter worth $29,000. Bank of New York Mellon Corp increased its position in shares of OneWater Marine by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 92,289 shares of the company’s stock worth $2,364,000 after acquiring an additional 1,108 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of OneWater Marine by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock worth $213,000 after acquiring an additional 1,350 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in OneWater Marine by 319.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock valued at $71,000 after acquiring an additional 1,597 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in OneWater Marine by 1.0% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock valued at $13,483,000 after purchasing an additional 3,770 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors.

OneWater Marine Company Profile

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.