OneWater Marine (NASDAQ:ONEW - Free Report) had its price objective reduced by Robert W. Baird from $18.00 to $17.00 in a research note released on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.
A number of other equities analysts have also commented on ONEW. Stifel Nicolaus lowered their price objective on OneWater Marine from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Baird R W cut OneWater Marine from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp dropped their price target on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Truist Financial reduced their price objective on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $19.40.
Read Our Latest Report on ONEW
OneWater Marine Stock Performance
ONEW stock traded down $1.19 during trading hours on Friday, hitting $12.54. 438,333 shares of the stock were exchanged, compared to its average volume of 116,994. OneWater Marine has a 12 month low of $11.90 and a 12 month high of $31.36. The company has a current ratio of 1.24, a quick ratio of 0.25 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $204.57 million, a P/E ratio of -17.42 and a beta of 2.15. The company has a 50-day simple moving average of $15.31 and a two-hundred day simple moving average of $18.03.
OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.12). The business had revenue of $483.52 million for the quarter, compared to the consensus estimate 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, analysts forecast that OneWater Marine will post 1.57 earnings per share for the current fiscal year.
Insider Activity at OneWater Marine
In related news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $15.40 per share, with a total value of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 682,368 shares in the company, valued at $10,508,467.20. This represents a 2.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 20.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On OneWater Marine
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP grew its holdings 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 worth $32,219,000 after purchasing an additional 216,410 shares during the last quarter. American Century Companies Inc. increased its position in OneWater Marine by 1.8% in the 4th quarter. American Century Companies Inc. now owns 1,676,270 shares of the company's stock valued at $29,134,000 after acquiring an additional 29,468 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of OneWater Marine by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 470,987 shares of the company's stock valued at $8,186,000 after acquiring an additional 3,508 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of OneWater Marine by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 296,285 shares of the company's stock worth $5,150,000 after purchasing an additional 2,454 shares during the period. Finally, Sei Investments Co. grew its stake in shares of OneWater Marine by 14.0% in the fourth quarter. Sei Investments Co. now owns 229,506 shares of the company's stock worth $3,989,000 after purchasing an additional 28,164 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company's stock.
About OneWater Marine
(
Get Free Report)
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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