OneWater Marine Inc. (NASDAQ:ONEW) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Consensus "Hold": Six brokerages give OneWater Marine a consensus Hold rating (1 sell, 3 hold, 2 buy) with an average 1-year target price of $17.00.
• Quarterly results: OneWater reported Q4 EPS of ($0.04), beating estimates of ($0.39) with revenue of $380.56M roughly in line, but the company still shows a negative net margin (5.88%) and a negative P/E.
• Insider & institutional activity: Chairman Philip Singleton purchased 18,008 shares at $12.52, insiders own 19.5% of the company, and institutional investors are reported to hold about 94.32% of the stock.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) has been given an average recommendation of "Hold" by the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $17.00.

Several equities research analysts recently issued reports on ONEW shares. Zacks Research raised shares of OneWater Marine from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of OneWater Marine in a research note on Thursday, January 22nd.

OneWater Marine Trading Down 0.7%

Shares of NASDAQ:ONEW opened at $9.99 on Tuesday. The firm has a fifty day moving average of $10.74 and a two-hundred day moving average of $12.42. The firm has a market capitalization of $165.96 million, a P/E ratio of -1.48 and a beta of 1.69. OneWater Marine has a 12-month low of $8.12 and a 12-month high of $17.92. The company has a quick ratio of 0.26, a current ratio of 1.13 and a debt-to-equity ratio of 1.18.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.35. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. The business had revenue of $380.56 million during the quarter, compared to analyst estimates of $380.32 million. On average, equities analysts expect that OneWater Marine will post 1.57 EPS for the current fiscal year.

Insider Activity

In other OneWater Marine news, Chairman Philip Austin Jr. Singleton acquired 18,008 shares of OneWater Marine stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average price of $12.52 per share, with a total value of $225,460.16. Following the purchase, the chairman owned 779,776 shares in the company, valued at approximately $9,762,795.52. This trade represents a 2.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 19.50% of the company's stock.

Institutional Investors Weigh In On OneWater Marine

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of OneWater Marine by 3.6% in the 3rd quarter. American Century Companies Inc. now owns 2,040,568 shares of the company's stock valued at $32,323,000 after purchasing an additional 71,026 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in OneWater Marine in the 3rd quarter worth $1,711,000. Bridgeway Capital Management LLC bought a new position in OneWater Marine in the 2nd quarter worth $757,000. Squarepoint Ops LLC raised its holdings in OneWater Marine by 163.7% in the 4th quarter. Squarepoint Ops LLC now owns 51,724 shares of the company's stock worth $560,000 after acquiring an additional 32,108 shares during the period. Finally, Graham Capital Management L.P. raised its holdings in OneWater Marine by 41.8% in the 4th quarter. Graham Capital Management L.P. now owns 38,642 shares of the company's stock worth $418,000 after acquiring an additional 11,396 shares during the period. Institutional investors and hedge funds own 94.32% of the company's stock.

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.

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