Robert W. Baird Reiterates Neutral Rating for OneWater Marine (NASDAQ:ONEW)

OneWater Marine (NASDAQ:ONEW - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at Robert W. Baird in a report released on Friday, MarketBeat.com reports. They currently have a $18.00 target price on the stock, down from their prior target price of $25.00. Robert W. Baird's price target indicates a potential upside of 25.58% from the stock's previous close.

ONEW has been the subject of a number of other research reports. Truist Financial reduced their price target on OneWater Marine from $30.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. KeyCorp reduced their price objective on shares of OneWater Marine from $27.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their target price 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $22.60.

OneWater Marine Stock Up 11.1 %

Shares of ONEW stock traded up $1.43 on Friday, hitting $14.33. 62,866 shares of the stock were exchanged, compared to its average volume of 113,329. 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 $233.81 million, a P/E ratio of -19.56 and a beta of 2.33. OneWater Marine has a fifty-two week low of $12.28 and a fifty-two week high of $31.36. The business has a 50-day moving average of $17.16 and a 200 day moving average of $19.20.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, topping analysts' consensus estimates of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. Equities analysts anticipate that OneWater Marine will post 1.57 EPS for the current year.

Insider Buying and Selling

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $15.40 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now owns 682,368 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. 20.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company's stock valued at $375,000 after purchasing an additional 11,416 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of OneWater Marine by 14.0% during the 4th quarter. Sei Investments Co. now owns 229,506 shares of the company's stock valued at $3,989,000 after acquiring an additional 28,164 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of OneWater Marine during the fourth quarter valued at about $588,000. Geode Capital Management LLC grew its holdings in shares of OneWater Marine by 11.4% during the third quarter. Geode Capital Management LLC now owns 293,831 shares of the company's stock worth $7,028,000 after purchasing an additional 29,952 shares during the last quarter. Finally, State Street Corp increased its stake in shares of OneWater Marine by 0.5% in the third quarter. State Street Corp now owns 226,038 shares of the company's stock valued at $5,405,000 after buying an additional 1,131 shares during the period. Institutional investors own 94.32% of the company's stock.

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.