OneWater Marine (NASDAQ:ONEW) Stock Falls 3.1% - Here's Why

Key Points

• OneWater Marine shares fell 3.1% to $8.80, with trading volume about 13% above the average daily level.
• The company’s latest quarterly results missed expectations, reporting EPS of $0.73 versus the $0.75 consensus and revenue of $530.71 million versus $553.73 million expected. It also posted a negative net margin of 6.72%.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $13.33; Truist recently cut its target to $13 while maintaining a Buy rating.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) was down 3.1% during trading on Wednesday. The stock traded as low as $8.67 and last traded at $8.80. Approximately 119,711 shares were traded during trading, an increase of 13% from the average daily volume of 105,611 shares. The stock had previously closed at $9.08.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ONEW shares. 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. Truist Financial decreased their price target on shares of OneWater Marine from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.33.

OneWater Marine Stock Performance

The stock has a fifty day simple moving average of $10.85 and a two-hundred day simple moving average of $11.02. 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 stock has a market cap of $146.70 million, a price-to-earnings ratio of -1.18 and a beta of 1.60.

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

Institutional Trading of OneWater Marine

A number of large investors have recently bought and sold shares of ONEW. Empowered Funds LLC boosted its holdings in OneWater Marine by 9.5% in the first quarter. Empowered Funds LLC now owns 52,126 shares of the company's stock worth $493,000 after acquiring an additional 4,501 shares in the last quarter. Quantinno Capital Management LP grew its position in OneWater Marine by 94.4% in the 1st quarter. Quantinno Capital Management LP now owns 50,338 shares of the company's stock worth $476,000 after purchasing an additional 24,442 shares in the last quarter. Sei Investments Co. lifted its holdings in OneWater Marine by 83.8% during the first quarter. Sei Investments Co. now owns 26,978 shares of the company's stock worth $255,000 after acquiring an additional 12,300 shares during the period. Dimensional Fund Advisors LP lifted its holdings in OneWater Marine by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 514,606 shares of the company's stock worth $4,863,000 after acquiring an additional 30,280 shares during the period. Finally, Hsbc Holdings PLC bought a new position in OneWater Marine in the 1st quarter valued at $113,000. 94.32% of the stock is currently owned by institutional investors and hedge funds.

OneWater Marine Company Profile

OneWater Marine Inc NASDAQ: ONEW is a recreational marine retailer in the United States. The company operates a network of dealerships that sell new and pre-owned boats, including center consoles, cruisers, freshwater fishing boats, pontoons, bowriders and other watercraft from a range of leading manufacturers.

In addition to boat sales, OneWater Marine provides related products and services, including marine parts and accessories, repair and maintenance, boat storage, financing and insurance services.

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