OneWater Marine Inc. (NASDAQ:ONEW) Receives $31.25 Average PT from Analysts

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $31.25.

A number of research firms have issued reports on ONEW. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research note on Wednesday, July 31st. KeyCorp dropped their target price on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st.

OneWater Marine Stock Performance

Shares of ONEW opened at $21.28 on Wednesday. OneWater Marine has a one year low of $20.00 and a one year high of $35.86. The company has a 50-day moving average of $23.25 and a two-hundred day moving average of $25.15. The stock has a market cap of $341.76 million, a price-to-earnings ratio of -3.73 and a beta of 2.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($1.01). The company had revenue of $542.44 million for the quarter, compared to analyst estimates of $600.20 million. OneWater Marine had a positive return on equity of 6.60% and a negative net margin of 5.16%. During the same quarter in the prior year, the business posted $1.95 earnings per share. On average, equities research analysts expect that OneWater Marine will post 1.48 earnings per share for the current year.

Insider Activity

In related news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of OneWater Marine stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $22.31 per share, for a total transaction of $334,650.00. Following the transaction, the chief executive officer now directly owns 605,183 shares in the company, valued at approximately $13,501,632.73. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $22.31 per share, with a total value of $334,650.00. Following the purchase, the chief executive officer now directly owns 605,183 shares in the company, valued at $13,501,632.73. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey B. Lamkin purchased 10,800 shares of the stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $21.82 per share, with a total value of $235,656.00. Following the completion of the purchase, the director now owns 10,800 shares in the company, valued at $235,656. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 87,329 shares of company stock worth $1,936,799. Corporate insiders own 18.70% of the company’s stock.

Institutional Trading of OneWater Marine

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in OneWater Marine during the 3rd quarter worth approximately $119,000. SageView Advisory Group LLC acquired a new stake in shares of OneWater Marine in the 1st quarter valued at approximately $322,000. Rhumbline Advisers lifted its holdings in OneWater Marine by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after purchasing an additional 994 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in OneWater Marine by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock valued at $2,062,000 after purchasing an additional 4,539 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in OneWater Marine by 1.1% during the 2nd quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock valued at $5,243,000 after purchasing an additional 2,124 shares during the last quarter. 94.32% of the stock is owned by institutional investors.

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.