Analysts Set OneWater Marine Inc. (NASDAQ:ONEW) Price Target at $31.25

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have received an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.25.

ONEW has been the subject of several recent research reports. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research report on Wednesday, July 31st. KeyCorp reduced their price target on OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st.

Insiders Place Their Bets

In related news, Director Jeffrey B. Lamkin bought 10,800 shares of OneWater Marine stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $21.82 per share, with a total value of $235,656.00. Following the acquisition, the director now owns 10,800 shares in the company, valued at approximately $235,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other OneWater Marine news, Director Jeffrey B. Lamkin purchased 2,567 shares of the stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $22.90 per share, with a total value of $58,784.30. Following the acquisition, the director now owns 62,281 shares of the company’s stock, valued at $1,426,234.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey B. Lamkin bought 10,800 shares of the stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of $21.82 per share, with a total value of $235,656.00. Following the purchase, the director now owns 10,800 shares of the company’s stock, valued at approximately $235,656. The disclosure for this purchase can be found here. Insiders have purchased a total of 67,295 shares of company stock worth $1,494,970 in the last 90 days. Company insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On OneWater Marine

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in OneWater Marine in the fourth quarter valued at approximately $29,000. Bfsg LLC acquired a new stake in shares of OneWater Marine during the fourth quarter valued at about $171,000. SageView Advisory Group LLC bought a new stake in shares of OneWater Marine during the first quarter worth about $322,000. Rhumbline Advisers increased its stake in shares of OneWater Marine by 5.4% in the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after buying an additional 994 shares during the period. Finally, Premier Fund Managers Ltd bought a new stake in OneWater Marine during the 4th quarter worth approximately $621,000. 94.32% of the stock is owned by institutional investors.

OneWater Marine Stock Performance

Shares of ONEW stock opened at $24.97 on Tuesday. The company has a market capitalization of $400.02 million, a P/E ratio of -4.38 and a beta of 2.58. OneWater Marine has a 52 week low of $20.00 and a 52 week high of $35.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.30 and a current ratio of 1.29. The company’s 50 day moving average price is $26.15 and its two-hundred day moving average price is $25.71.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates 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 previous year, the business earned $1.95 earnings per share. On average, analysts expect that OneWater Marine will post 1.48 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.