Shares of OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) have been given a consensus rating of "Hold" by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Four equities 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 brokers that have issued ratings on the stock in the last year is $19.40.
ONEW has been the topic of several recent research reports. Baird R W cut OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial cut their target price on OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Robert W. Baird cut their target price on OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, KeyCorp cut their target price on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th.
View Our Latest Stock Report on ONEW
Insider Activity at OneWater Marine
In other OneWater Marine news, Director J Steven Roy acquired 5,001 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $12.22 per share, with a total value of $61,112.22. Following the completion of the transaction, the director directly owned 25,761 shares of the company's stock, valued at approximately $314,799.42. This represents a 24.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.30% of the company's stock.
Institutional Investors Weigh In On OneWater Marine
Several institutional investors have recently modified their holdings of ONEW. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of OneWater Marine during the first quarter valued at $4,053,000. Royce & Associates LP boosted its position 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. Hotchkis & Wiley Capital Management LLC boosted its position in shares of OneWater Marine by 40.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 455,320 shares of the company's stock valued at $7,367,000 after buying an additional 130,400 shares during the last quarter. Russell Investments Group Ltd. boosted 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 valued at $3,510,000 after buying an additional 59,753 shares during the last quarter. Finally, Private Management Group Inc. boosted its position in shares of OneWater Marine by 10.0% during the first quarter. Private Management Group Inc. now owns 583,007 shares of the company's stock valued at $9,433,000 after buying an additional 53,019 shares during the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.
OneWater Marine Stock Down 0.1%
ONEW stock traded down $0.01 during midday trading on Friday, hitting $14.04. The stock had a trading volume of 83,864 shares, compared to its average volume of 130,625. The firm has a market cap of $229.03 million, a price-to-earnings ratio of -29.87 and a beta of 1.97. The business has a 50-day moving average of $14.43 and a two-hundred day moving average of $15.55. OneWater Marine has a 52-week low of $11.58 and a 52-week high of $31.00. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.20 and a quick ratio of 0.33.
OneWater Marine (NASDAQ:ONEW - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.12). The firm had revenue of $483.52 million during the quarter, compared to analysts' expectations of $498.73 million. OneWater Marine had a positive return on equity of 1.09% and a negative net margin of 0.39%. As a group, equities research analysts forecast that OneWater Marine will post 1.57 earnings per share for the current fiscal year.
About OneWater Marine
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Get Free ReportOneWater 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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