OneWater Marine Inc. (NASDAQ:ONEW) Given Average Recommendation of "Hold" by Analysts

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) has earned an average rating of "Hold" from the seven analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $19.40.

A number of research firms recently issued reports on ONEW. 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. KeyCorp decreased their price target on shares of OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Baird R W downgraded shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. 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.

Insiders Place Their Bets

In other OneWater Marine news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 682,368 shares in the company, valued at $10,508,467.20. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Steven Roy acquired 5,001 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was 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 approximately $314,799.42. This trade represents a 24.09% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 20,549 shares of company stock worth $299,510. 20.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneWater Marine

A number of institutional investors have recently made changes to their positions in ONEW. Rhumbline Advisers grew its holdings in shares of OneWater Marine by 3.6% during the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company's stock valued at $338,000 after buying an additional 683 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of OneWater Marine during the fourth quarter valued at approximately $199,000. AlphaQuest LLC purchased a new stake in shares of OneWater Marine during the fourth quarter valued at approximately $158,000. First Eagle Investment Management LLC purchased a new stake in shares of OneWater Marine during the fourth quarter valued at approximately $588,000. Finally, Royce & Associates LP grew its holdings in shares of OneWater Marine by 13.2% during the fourth quarter. Royce & Associates LP now owns 1,853,788 shares of the company's stock valued at $32,219,000 after buying an additional 216,410 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company's stock.

OneWater Marine Trading Up 0.9%

Shares of NASDAQ:ONEW traded up $0.14 during midday trading on Friday, hitting $14.77. 7,994 shares of the stock traded hands, compared to its average volume of 123,507. The stock has a market capitalization of $240.86 million, a PE ratio of -20.43 and a beta of 2.15. The business's 50 day moving average is $14.43 and its two-hundred day moving average is $17.03. The company has a quick ratio of 0.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. OneWater Marine has a one year low of $11.58 and a one year high of $31.36.

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 the consensus estimate of $0.25 by ($0.12). The firm had revenue of $483.52 million for the quarter, compared to the consensus estimate of $498.73 million. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. As a group, research analysts forecast that OneWater Marine will post 1.57 earnings per share for the current year.

OneWater Marine Company Profile

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.