Analysts Set OneWater Marine Inc. (NASDAQ:ONEW) Target Price at $17.00

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have received an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.00.

A number of brokerages recently issued reports on ONEW. Weiss Ratings reiterated a “sell (d-)” rating on shares of OneWater Marine in a report on Thursday, January 22nd. Zacks Research upgraded OneWater Marine from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th.

OneWater Marine Stock Up 2.1%

Shares of ONEW opened at $9.25 on Friday. The stock’s 50-day moving average price is $11.87 and its two-hundred day moving average price is $13.05. OneWater Marine has a 12 month low of $8.12 and a 12 month high of $18.13. The company has a market capitalization of $153.64 million, a PE ratio of -1.37 and a beta of 1.68. The company has a current ratio of 1.13, a quick ratio of 0.26 and a debt-to-equity ratio of 1.18.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Thursday, January 29th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.35. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. The company had revenue of $380.56 million for the quarter, compared to analyst estimates of $380.32 million. On average, analysts anticipate that OneWater Marine will post 1.57 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Philip Austin Jr. Singleton purchased 18,008 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were purchased at an average price of $12.52 per share, with a total value of $225,460.16. Following the transaction, the chairman directly owned 779,776 shares of the company’s stock, valued at approximately $9,762,795.52. This represents a 2.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 19.50% of the company’s stock.

Hedge Funds Weigh In On OneWater Marine

A number of large investors have recently modified their holdings of ONEW. American Century Companies Inc. lifted its holdings in shares of OneWater Marine by 3.6% during the 3rd quarter. American Century Companies Inc. now owns 2,040,568 shares of the company’s stock worth $32,323,000 after acquiring an additional 71,026 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of OneWater Marine by 1.2% during the third quarter. Vanguard Group Inc. now owns 706,260 shares of the company’s stock valued at $11,187,000 after purchasing an additional 8,465 shares during the period. Private Management Group Inc. boosted its position in OneWater Marine by 2.1% during the 2nd quarter. Private Management Group Inc. now owns 595,511 shares of the company’s stock valued at $7,974,000 after buying an additional 12,504 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of OneWater Marine by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock worth $8,710,000 after purchasing an additional 2,378 shares during the period. Finally, General Equity Holdings LP lifted its holdings in OneWater Marine by 17.9% in the 2nd quarter. General Equity Holdings LP now owns 470,246 shares of the company’s stock worth $6,297,000 after buying an additional 71,435 shares during the period. 94.32% of the stock is currently owned by institutional investors.

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.