OneWater Marine (NASDAQ:ONEW) Price Target Cut to $17.00 by Analysts at Robert W. Baird

OneWater Marine (NASDAQ:ONEW - Free Report) had its price objective cut by Robert W. Baird from $18.00 to $17.00 in a research note released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Baird R W lowered shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp decreased their target price on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus decreased their price target on shares of OneWater Marine from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Finally, Truist Financial reduced their price objective on OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $19.40.

OneWater Marine Price Performance

Shares of ONEW traded down $0.05 during trading hours on Friday, hitting $12.35. 75,253 shares of the company were exchanged, compared to its average volume of 118,421. OneWater Marine has a fifty-two week low of $11.58 and a fifty-two week high of $31.36. The firm's fifty day moving average is $15.12 and its 200 day moving average is $17.91. The company has a quick ratio of 0.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The company has a market cap of $201.53 million, a price-to-earnings ratio of -17.09 and a beta of 2.15.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.12). The company had revenue of $483.52 million for the quarter, compared to analyst estimates of $498.73 million. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. On average, equities analysts anticipate that OneWater Marine will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 15,000 shares of OneWater Marine stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $15.40 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 682,368 shares in the company, valued at approximately $10,508,467.20. This represents a 2.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 20.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On OneWater Marine

Several large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in OneWater Marine during the 4th quarter valued at about $29,000. GAMMA Investing LLC raised its position in shares of OneWater Marine by 404.5% in the 1st quarter. GAMMA Investing LLC now owns 2,109 shares of the company's stock valued at $34,000 after purchasing an additional 1,691 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of OneWater Marine by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock valued at $125,000 after purchasing an additional 1,529 shares during the period. AlphaQuest LLC acquired a new position in OneWater Marine during the fourth quarter valued at $158,000. Finally, Raymond James Financial Inc. purchased a new stake in OneWater Marine in the 4th quarter worth approximately $199,000. 94.32% of the stock is owned by institutional investors.

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.