OneWater Marine (NASDAQ:ONEW) Trading Down 2.1% - Here's What Happened

Key Points

• OneWater Marine shares fell 2.1% to $10.98, with trading volume 59% above the average session volume.
• Analysts have a consensus “Hold” rating and an average price target of $13.33; Truist lowered its target from $15 to $13 while maintaining a Buy rating.
• The company’s latest quarterly results missed expectations, reporting $0.73 in adjusted EPS versus $0.75 expected and revenue of $530.71 million versus $553.73 million anticipated. Institutional investors own 94.32% of the stock.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) traded down 2.1% on Thursday . The company traded as low as $10.78 and last traded at $10.98. Approximately 134,839 shares were traded during trading, an increase of 59% from the average session volume of 84,868 shares. The stock had previously closed at $11.21.

Analysts Set New Price Targets

ONEW has been the topic of several research reports. Weiss Ratings raised shares of OneWater Marine from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. Truist Financial cut their price target on shares of OneWater Marine from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.33.

OneWater Marine Stock Performance

The company's 50-day moving average price is $12.08 and its 200 day moving average price is $11.07. The stock has a market capitalization of $183.04 million, a PE ratio of -1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.34 and a current ratio of 1.22.

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

Institutional Investors Weigh In On OneWater Marine

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in OneWater Marine by 94.4% during 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 during the last quarter. Dimensional Fund Advisors LP grew its holdings in OneWater Marine by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company's stock valued at $8,710,000 after purchasing an additional 2,378 shares during the period. JPMorgan Chase & Co. increased its position in OneWater Marine by 50.0% in the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company's stock worth $129,000 after buying an additional 2,710 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of OneWater Marine by 5.9% in the third quarter. Bridgeway Capital Management LLC now owns 59,870 shares of the company's stock worth $948,000 after buying an additional 3,312 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of OneWater Marine by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 126,800 shares of the company's stock valued at $2,009,000 after buying an additional 3,400 shares in the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.