Shares of OneWater Marine Inc. (NASDAQ:ONEW – Get Free Report) 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.
View Our Latest Stock Report on ONEW
Insiders Place Their Bets
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 – Get Free Report) 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.
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