OneWater Marine Inc. (NASDAQ:ONEW) Receives $32.40 Consensus PT from Analysts

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.40.

ONEW has been the subject of a number of recent research reports. KeyCorp boosted their target price on OneWater Marine from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th. Stifel Nicolaus upped their target price on shares of OneWater Marine from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Truist Financial reduced their target price on shares of OneWater Marine from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Finally, DA Davidson reissued a “neutral” rating and set a $27.00 price target on shares of OneWater Marine in a research note on Friday, March 15th.

Hedge Funds Weigh In On OneWater Marine

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its position in shares of OneWater Marine by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock valued at $213,000 after acquiring an additional 1,350 shares during the period. Private Management Group Inc. raised its holdings in OneWater Marine by 13.3% in the third quarter. Private Management Group Inc. now owns 589,661 shares of the company’s stock worth $15,107,000 after purchasing an additional 69,411 shares during the period. Bank of New York Mellon Corp raised its holdings in OneWater Marine by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 92,289 shares of the company’s stock worth $2,364,000 after purchasing an additional 1,108 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of OneWater Marine by 319.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock worth $71,000 after purchasing an additional 1,597 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of OneWater Marine by 13.4% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 42,533 shares of the company’s stock valued at $1,090,000 after buying an additional 5,031 shares during the period. Institutional investors own 94.32% of the company’s stock.

OneWater Marine Trading Down 1.2 %

ONEW opened at $24.50 on Wednesday. OneWater Marine has a 1-year low of $21.78 and a 1-year high of $39.15. The stock has a market capitalization of $391.27 million, a PE ratio of -6.33 and a beta of 2.49. The company has a current ratio of 1.27, a quick ratio of 0.26 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $25.80 and a two-hundred day moving average price of $26.77.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.08). OneWater Marine had a negative net margin of 2.83% and a positive return on equity of 11.55%. The company had revenue of $364.01 million for the quarter, compared to the consensus estimate of $370.33 million. As a group, equities analysts anticipate that OneWater Marine will post 3.58 earnings per share for the current fiscal year.

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.