OneWater Marine Inc. (NASDAQ:ONEW) Given Average Rating of "Hold" by Brokerages

Shares of OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) have been assigned an average rating of "Hold" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $19.40.

A number of equities research analysts have recently issued reports on ONEW shares. Robert W. Baird cut their target price on shares of OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. KeyCorp dropped their price target on shares of OneWater Marine from $22.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Baird R W lowered shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Truist Financial lowered their price objective on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, April 14th.

Insiders Place Their Bets

In other OneWater Marine news, Director J Steven Roy purchased 5,001 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average price of $12.22 per share, for a total transaction of $61,112.22. Following the acquisition, the director now owns 25,761 shares of the company's stock, valued at $314,799.42. This trade represents a 24.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 20.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Philadelphia Financial Management of San Francisco LLC acquired a new stake in OneWater Marine in the 1st quarter worth $4,053,000. Royce & Associates LP grew its stake in OneWater Marine by 13.2% during the fourth quarter. Royce & Associates LP now owns 1,853,788 shares of the company's stock worth $32,219,000 after buying an additional 216,410 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in OneWater Marine by 40.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 455,320 shares of the company's stock worth $7,367,000 after buying an additional 130,400 shares during the last quarter. Russell Investments Group Ltd. grew its stake in OneWater Marine by 42.0% during the fourth quarter. Russell Investments Group Ltd. now owns 201,943 shares of the company's stock worth $3,510,000 after buying an additional 59,753 shares during the last quarter. Finally, Private Management Group Inc. grew its stake in OneWater Marine by 10.0% during the first quarter. Private Management Group Inc. now owns 583,007 shares of the company's stock worth $9,433,000 after buying an additional 53,019 shares during the last quarter. Institutional investors own 94.32% of the company's stock.

OneWater Marine Stock Performance

NASDAQ:ONEW opened at $13.79 on Wednesday. OneWater Marine has a twelve month low of $11.58 and a twelve month high of $31.00. The company has a current ratio of 1.20, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $224.91 million, a price-to-earnings ratio of -29.34 and a beta of 2.05. The firm's fifty day simple moving average is $14.17 and its 200 day simple moving average is $16.33.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.12). OneWater Marine had a positive return on equity of 1.09% and a negative net margin of 0.39%. The firm had revenue of $483.52 million during the quarter, compared to analyst estimates of $498.73 million. As a group, equities research analysts expect that OneWater Marine will post 1.57 earnings per share for the current fiscal year.

About OneWater Marine

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.

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