OneWater Marine Inc. (NASDAQ:ONEW) Given Average Rating of "Moderate Buy" by Analysts

Shares of OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $31.25.

ONEW has been the subject of a number of recent research reports. KeyCorp decreased their price objective on shares of OneWater Marine from $30.00 to $29.00 and set an "overweight" rating for the company in a report on Wednesday, July 31st. Benchmark reiterated a "hold" rating on shares of OneWater Marine in a research note on Wednesday, July 31st.

OneWater Marine Stock Down 0.3 %

Shares of OneWater Marine stock traded down $0.06 during trading on Friday, hitting $21.26. 28,489 shares of the stock traded hands, compared to its average volume of 89,631. The stock has a market cap of $340.65 million, a P/E ratio of -3.73 and a beta of 2.57. The company has a fifty day moving average price of $22.80 and a two-hundred day moving average price of $24.63. OneWater Marine has a twelve month low of $20.00 and a twelve month high of $35.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($1.01). The business had revenue of $542.44 million during the quarter, compared to analyst estimates of $600.20 million. OneWater Marine had a negative net margin of 5.16% and a positive return on equity of 6.60%. During the same quarter last year, the firm earned $1.95 earnings per share. Equities research analysts predict that OneWater Marine will post 1.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Anthony M. Aisquith purchased 5,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of $21.25 per share, for a total transaction of $106,250.00. Following the completion of the acquisition, the chief operating officer now directly owns 729,316 shares of the company's stock, valued at approximately $15,497,965. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other OneWater Marine news, Director Jeffrey B. Lamkin bought 10,800 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of $21.82 per share, for a total transaction of $235,656.00. Following the completion of the acquisition, the director now owns 10,800 shares of the company's stock, valued at approximately $235,656. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Anthony M. Aisquith bought 5,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average price of $21.25 per share, with a total value of $106,250.00. Following the completion of the purchase, the chief operating officer now owns 729,316 shares of the company's stock, valued at $15,497,965. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 87,329 shares of company stock worth $1,936,799 in the last quarter. 18.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneWater Marine

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONEW. Private Management Group Inc. increased its stake in shares of OneWater Marine by 3.2% in the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company's stock valued at $17,272,000 after buying an additional 19,222 shares during the period. Vanguard Group Inc. raised its holdings in OneWater Marine by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company's stock worth $16,365,000 after purchasing an additional 11,227 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in OneWater Marine by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company's stock worth $11,892,000 after purchasing an additional 24,364 shares during the last quarter. NBW Capital LLC lifted its position in OneWater Marine by 1.6% during the 1st quarter. NBW Capital LLC now owns 253,079 shares of the company's stock valued at $7,124,000 after purchasing an additional 4,100 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of OneWater Marine by 1.1% in 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. Institutional investors and hedge funds own 94.32% of the company's stock.

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.