OneWater Marine (NASDAQ:ONEW) Receives “Neutral” Rating from Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of OneWater Marine (NASDAQ:ONEW) in a report issued on Friday, Marketbeat Ratings reports. Robert W. Baird currently has a $18.00 price target on the stock, down from their prior price target of $25.00.

A number of other equities research analysts have also recently weighed in on the stock. KeyCorp reduced their price target 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. Stifel Nicolaus decreased their target price on OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, Truist Financial cut their price target on OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.60.

OneWater Marine Trading Down 9.6 %

ONEW opened at $13.79 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. OneWater Marine has a one year low of $12.77 and a one year high of $31.36. The company has a market cap of $224.96 million, a P/E ratio of -19.15 and a beta of 2.33. The business’s 50-day simple moving average is $17.34 and its 200-day simple moving average is $19.46.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, beating the consensus estimate 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%. As a group, equities research analysts expect that OneWater Marine will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the transaction, the chief executive officer now owns 682,368 shares in the company, valued at $10,508,467.20. This represents a 2.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.30% of the stock is owned by company insiders.

Institutional Trading of OneWater Marine

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in OneWater Marine in the 4th quarter valued at approximately $29,000. FMR LLC boosted its stake in shares of OneWater Marine by 332.5% in the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of OneWater Marine by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company’s stock valued at $125,000 after buying an additional 1,529 shares in the last quarter. AlphaQuest LLC acquired a new position in OneWater Marine during the fourth quarter worth $158,000. Finally, Raymond James Financial Inc. acquired a new stake in OneWater Marine in the fourth quarter valued at $199,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.

About OneWater Marine

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.