OneWater Marine Inc. (NASDAQ:ONEW) Receives $19.60 Consensus Target Price from Brokerages

Key Points

• OneWater Marine Inc. has received an average rating of "Hold" from analysts, with four hold and three buy recommendations.
• The stock's average 1-year price target is estimated at $19.60, with KeyCorp recently raising their target to $17.00 while Truist Financial lowered theirs to $16.00.
• Despite a revenue of $552.86 million, OneWater Marine reported an earnings per share of $0.79, missing expectations by $0.33 in their last earnings release.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) has been given a consensus recommendation of "Hold" by the seven research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $19.60.

Several research firms recently issued reports on ONEW. KeyCorp boosted their target price on shares of OneWater Marine from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Truist Financial decreased their price target on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird decreased their price target on shares of OneWater Marine from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd.

OneWater Marine Trading Down 0.4%

Shares of NASDAQ:ONEW traded down $0.06 during mid-day trading on Thursday, reaching $15.16. 16,738 shares of the company's stock were exchanged, compared to its average volume of 153,175. The firm has a market capitalization of $248.17 million, a price-to-earnings ratio of -18.72 and a beta of 1.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.37 and a current ratio of 1.23. OneWater Marine has a twelve month low of $11.58 and a twelve month high of $26.77. The business's fifty day moving average price is $14.68 and its 200-day moving average price is $15.41.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.33). The firm had revenue of $552.86 million during the quarter, compared to analyst estimates of $532.01 million. OneWater Marine had a negative net margin of 0.61% and a positive return on equity of 0.45%. On average, research analysts predict that OneWater Marine will post 1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On OneWater Marine

Several hedge funds and other institutional investors have recently made changes to their positions in ONEW. Raymond James Financial Inc. bought a new stake in shares of OneWater Marine during the fourth quarter worth about $199,000. Franklin Resources Inc. bought a new stake in shares of OneWater Marine during the fourth quarter worth about $382,000. Geode Capital Management LLC increased its position in shares of OneWater Marine by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 296,285 shares of the company's stock worth $5,150,000 after acquiring an additional 2,454 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of OneWater Marine by 27.0% during the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock worth $125,000 after acquiring an additional 1,529 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of 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 acquiring an additional 59,753 shares in the last quarter. 94.32% of the stock is owned by institutional investors.

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.