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

Key Points

• OneWater Marine Inc. (NASDAQ:ONEW) has received a consensus recommendation of "Hold" from nine research firms, with one sell, five hold, and three buy ratings.
• CEO Philip Austin Jr. Singleton purchased 3,654 shares of the company's stock, while Director John Troiano sold 15,041 shares, indicating mixed insider activities.
• The company's recent quarterly earnings reported $0.79 earnings per share, missing estimates of $1.12, with revenue slightly surpassing expectations at $552.86 million.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) has earned an average recommendation of "Hold" from the nine research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.00.

ONEW has been the topic of a number of research analyst reports. KeyCorp raised their price objective on shares of OneWater Marine from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Truist Financial raised their price objective on shares of OneWater Marine from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, October 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of OneWater Marine in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of OneWater Marine from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th.

Insider Buying and Selling

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 3,654 shares of the firm's stock in a transaction on Friday, September 19th. The shares were purchased at an average price of $15.37 per share, for a total transaction of $56,161.98. Following the completion of the transaction, the chief executive officer owned 712,244 shares in the company, valued at $10,947,190.28. This represents a 0.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Troiano sold 15,041 shares of OneWater Marine stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $17.35, for a total transaction of $260,961.35. Following the completion of the transaction, the director owned 52,226 shares in the company, valued at approximately $906,121.10. This trade represents a 22.36% decrease in their position. The disclosure for this sale can be found here. 20.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. General Equity Holdings LP grew its position in OneWater Marine by 17.9% in the second quarter. General Equity Holdings LP now owns 470,246 shares of the company's stock worth $6,297,000 after buying an additional 71,435 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in OneWater Marine in the 2nd quarter worth approximately $757,000. Brevan Howard Capital Management LP acquired a new position in OneWater Marine in the 2nd quarter worth approximately $222,000. Ameriprise Financial Inc. boosted its stake in OneWater Marine by 36.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 116,662 shares of the company's stock worth $1,562,000 after purchasing an additional 31,410 shares during the period. Finally, Jane Street Group LLC boosted its stake in OneWater Marine by 126.6% in the 2nd quarter. Jane Street Group LLC now owns 25,831 shares of the company's stock worth $346,000 after purchasing an additional 122,976 shares during the period. Institutional investors and hedge funds own 94.32% of the company's stock.

OneWater Marine Stock Performance

ONEW opened at $15.32 on Tuesday. The business's 50 day moving average is $16.11 and its 200-day moving average is $14.97. The stock has a market cap of $250.79 million, a PE ratio of -18.91 and a beta of 1.89. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97. OneWater Marine has a twelve month low of $11.58 and a twelve month high of $26.77.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by ($0.33). The business had revenue of $552.86 million for the quarter, compared to the consensus estimate of $532.01 million. OneWater Marine had a negative net margin of 0.61% and a positive return on equity of 0.45%. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. On average, analysts predict 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.

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