OneWater Marine (NASDAQ:ONEW) Shares Down 3.1% – Time to Sell?

Shares of OneWater Marine Inc. (NASDAQ:ONEW) fell 3.1% during mid-day trading on Wednesday. The stock traded as low as $8.67 and last traded at $8.80. 119,711 shares traded hands during trading, an increase of 13% from the average daily volume of 105,611 shares. The stock had previously closed at $9.08.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ONEW shares. Weiss Ratings raised shares of OneWater Marine from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Truist Financial decreased their target price on OneWater Marine from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.33.

OneWater Marine Stock Down 3.1%

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.22 and a quick ratio of 0.34. The stock has a market capitalization of $146.70 million, a PE ratio of -1.18 and a beta of 1.60. The company has a 50 day moving average price of $10.85 and a 200-day moving average price of $11.02.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The company had revenue of $530.71 million during the quarter, compared to the consensus estimate 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, analysts forecast that OneWater Marine Inc. will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OneWater Marine

A number of hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in OneWater Marine by 9.5% in the 1st quarter. Empowered Funds LLC now owns 52,126 shares of the company’s stock worth $493,000 after buying an additional 4,501 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of OneWater Marine by 94.4% in the first quarter. Quantinno Capital Management LP now owns 50,338 shares of the company’s stock worth $476,000 after acquiring an additional 24,442 shares during the period. Sei Investments Co. lifted its holdings in OneWater Marine by 83.8% in the first quarter. Sei Investments Co. now owns 26,978 shares of the company’s stock valued at $255,000 after acquiring an additional 12,300 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of OneWater Marine by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 514,606 shares of the company’s stock worth $4,863,000 after buying an additional 30,280 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of OneWater Marine during the 1st quarter worth $113,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

About OneWater Marine

OneWater Marine Inc (NASDAQ:ONEW) is a recreational marine retailer in the United States. The company operates a network of dealerships that sell new and pre-owned boats, including center consoles, cruisers, freshwater fishing boats, pontoons, bowriders and other watercraft from a range of leading manufacturers.

In addition to boat sales, OneWater Marine provides related products and services, including marine parts and accessories, repair and maintenance, boat storage, financing and insurance services.