OneWater Marine (NASDAQ:ONEW) Shares Down 1.6% – Should You Sell?

OneWater Marine Inc. (NASDAQ:ONEW) dropped 1.6% during mid-day trading on Thursday . The stock traded as low as $11.20 and last traded at $11.41. 65,777 shares were traded during mid-day trading, a decline of 44% from the average session volume of 116,714 shares. The stock had previously closed at $11.59.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. KeyCorp reduced their price target on shares of OneWater Marine from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Robert W. Baird set a $13.00 price objective on OneWater Marine in a report on Friday, May 1st. Truist Financial cut their price objective on OneWater Marine from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Finally, Weiss Ratings raised OneWater Marine from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.33.

OneWater Marine Price Performance

The stock’s fifty day moving average price is $11.90 and its 200-day moving average price is $11.18. The firm has a market cap of $190.16 million, a PE ratio of -1.53 and a beta of 1.51. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.22 and a quick ratio of 0.34.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $530.71 million during the quarter, compared to analysts’ expectations of $553.73 million. OneWater Marine had a positive return on equity of 2.20% and a negative net margin of 6.72%.OneWater Marine has set its FY 2026 guidance at 0.350-0.550 EPS. As a group, equities analysts expect that OneWater Marine Inc. will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of OneWater Marine by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 706,260 shares of the company’s stock worth $11,187,000 after purchasing an additional 8,465 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of OneWater Marine by 0.4% in the third 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 during the last quarter. First Eagle Investment Management LLC lifted its position in OneWater Marine by 11.2% during the fourth quarter. First Eagle Investment Management LLC now owns 308,487 shares of the company’s stock worth $3,338,000 after buying an additional 31,194 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in OneWater Marine by 33.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 287,265 shares of the company’s stock worth $3,108,000 after buying an additional 72,595 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in OneWater Marine by 169.9% during the fourth quarter. Marshall Wace LLP now owns 246,049 shares of the company’s stock worth $2,662,000 after buying an additional 154,876 shares during the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.

About OneWater Marine

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.