OneWater Marine (NASDAQ:ONEW) Shares Down 1.6% - What's Next?

Key Points

• OneWater Marine shares fell 1.6% to $11.41 in mid-day trading, with volume 44% below the average daily level.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $13.33, though several firms recently lowered their targets.
• The company’s latest quarter missed expectations, reporting $0.73 in EPS versus $0.75 expected and revenue of $530.71 million versus $553.73 million; institutional investors own 94.32% of the stock.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) shares dropped 1.6% during mid-day trading on Thursday . The company traded as low as $11.20 and last traded at $11.41. 65,777 shares traded hands during trading, a decline of 44% from the average daily volume of 116,714 shares. The stock had previously closed at $11.59.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ONEW. Weiss Ratings upgraded shares of OneWater Marine from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. KeyCorp decreased their target price on shares of OneWater Marine from $16.00 to $14.00 and set an "overweight" rating for the company in a research report on Friday, May 1st. Robert W. Baird set a $13.00 price target on shares of OneWater Marine in a report on Friday, May 1st. Finally, Truist Financial cut their price target on OneWater Marine from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.33.

OneWater Marine Stock Down 1.6%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.34 and a current ratio of 1.22. The firm has a market cap of $190.16 million, a price-to-earnings ratio of -1.53 and a beta of 1.51. The business's 50 day moving average price is $11.90 and its 200 day moving average price is $11.18.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). OneWater Marine had a negative net margin of 6.72% and a positive return on equity of 2.20%. The firm had revenue of $530.71 million during the quarter, compared to analyst estimates of $553.73 million. OneWater Marine has set its FY 2026 guidance at 0.350-0.550 EPS. On average, equities analysts forecast that OneWater Marine Inc. will post 0.35 EPS for the current year.

Hedge Funds Weigh In On OneWater Marine

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in shares of OneWater Marine by 94.4% in the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company's stock valued at $45,000 after buying an additional 1,395 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of OneWater Marine during the 4th quarter valued at approximately $82,000. JPMorgan Chase & Co. grew its stake in OneWater Marine by 50.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company's stock valued at $129,000 after acquiring an additional 2,710 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in OneWater Marine in the 3rd quarter worth $192,000. Finally, Hsbc Holdings PLC purchased a new stake in OneWater Marine in the 1st quarter worth $113,000. 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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