OneWater Marine (NASDAQ:ONEW) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• OneWater Marine has received a "Sell (D-)" rating from Weiss Ratings, indicating a negative outlook on the stock's performance.
• The company's recent quarterly earnings report showed a missed earnings per share estimate of $1.12, with actual earnings reported at $0.79.
• Despite the sell rating, the average target price for OneWater Marine's stock is $19.60, with some analysts upgrading their predictions, suggesting potential for upside.

OneWater Marine (NASDAQ:ONEW - Get Free Report)'s stock had its "sell (d-)" rating reissued by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on ONEW. Zacks Research raised OneWater Marine from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. KeyCorp increased their target price on OneWater Marine from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.60.

OneWater Marine Stock Down 0.5%

Shares of NASDAQ:ONEW opened at $14.98 on Wednesday. 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 1 year low of $11.58 and a 1 year high of $26.77. The stock has a market capitalization of $245.22 million, a P/E ratio of -18.49 and a beta of 1.89. The stock has a 50-day simple moving average of $16.23 and a 200-day simple moving average of $15.07.

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 company had revenue of $552.86 million during the quarter, compared to analysts' expectations of $532.01 million. OneWater Marine had a positive return on equity of 0.45% and a negative net margin of 0.61%. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. Equities analysts forecast that OneWater Marine will post 1.57 earnings per share for the current year.

Insider Activity

In related news, Director John Troiano sold 15,041 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $906,121.10. This trade represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Philip Austin Jr. Singleton bought 3,654 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average cost of $15.37 per share, with a total value of $56,161.98. Following the purchase, the chief executive officer directly owned 712,244 shares of the company's stock, valued at approximately $10,947,190.28. This represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 20.30% of the company's stock.

Hedge Funds Weigh In On OneWater Marine

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP boosted its position in shares of OneWater Marine by 7.9% in the 1st quarter. Royce & Associates LP now owns 2,000,586 shares of the company's stock valued at $32,369,000 after purchasing an additional 146,798 shares during the period. American Century Companies Inc. lifted its stake in OneWater Marine by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 1,969,542 shares of the company's stock worth $26,372,000 after acquiring an additional 261,545 shares in the last quarter. Private Management Group Inc. lifted its stake in OneWater Marine by 2.1% in the 2nd quarter. Private Management Group Inc. now owns 595,511 shares of the company's stock worth $7,974,000 after acquiring an additional 12,504 shares in the last quarter. General Equity Holdings LP lifted its stake in OneWater Marine by 17.9% in the 2nd quarter. General Equity Holdings LP now owns 470,246 shares of the company's stock worth $6,297,000 after acquiring an additional 71,435 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in OneWater Marine by 40.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 455,320 shares of the company's stock worth $7,367,000 after acquiring an additional 130,400 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company's stock.

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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