OneWater Marine Inc. (NASDAQ:ONEW) Receives Average Recommendation of “Hold” from Analysts

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $17.00.

ONEW has been the topic of several research analyst reports. Zacks Research raised shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of OneWater Marine in a research report on Thursday, January 22nd. Finally, KeyCorp decreased 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.

Insider Activity at OneWater Marine

In other news, Chairman Philip Austin Jr. Singleton bought 18,008 shares of OneWater Marine stock in a transaction dated Thursday, February 12th. The stock was purchased at an average price of $12.52 per share, for a total transaction of $225,460.16. Following the purchase, the chairman directly owned 779,776 shares in the company, valued at $9,762,795.52. The trade was a 2.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.50% of the stock is currently owned by company insiders.

Institutional Trading of OneWater Marine

A number of large investors have recently added to or reduced their stakes in ONEW. American Century Companies Inc. lifted its position in shares of OneWater Marine by 3.6% during 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 during the last quarter. Vanguard Group Inc. raised its stake in OneWater Marine by 1.2% in the 3rd 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. raised its stake in 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 acquiring an additional 12,504 shares during the period. Dimensional Fund Advisors LP lifted its holdings in OneWater Marine by 0.4% during 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. Finally, General Equity Holdings LP boosted its position in OneWater Marine by 17.9% during the second 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 period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

OneWater Marine Stock Down 1.1%

NASDAQ:ONEW opened at $12.16 on Monday. The firm’s 50 day simple moving average is $12.40 and its 200 day simple moving average is $14.07. 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 $19.27. The company has a market cap of $201.98 million, a PE ratio of -1.80 and a beta of 1.67.

OneWater Marine (NASDAQ:ONEW) last announced its earnings results on Thursday, January 29th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.35. The firm had revenue of $380.56 million for the quarter, compared to the consensus estimate of $380.32 million. OneWater Marine had a positive return on equity of 4.32% and a negative net margin of 5.88%. On average, research 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.