OneWater Marine (NASDAQ:ONEW) PT Lowered to $60.00 at Robert W. Baird

OneWater Marine (NASDAQ:ONEWGet Rating) had its target price reduced by equities researchers at Robert W. Baird from $70.00 to $60.00 in a note issued to investors on Friday, The Fly reports. Robert W. Baird’s target price would suggest a potential upside of 64.84% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Truist Financial decreased their target price on OneWater Marine from $62.00 to $48.00 in a research report on Thursday, April 7th. Stifel Nicolaus decreased their target price on OneWater Marine from $62.00 to $52.00 in a research report on Monday, April 25th. Raymond James increased their price objective on OneWater Marine from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, February 4th. Finally, Zacks Investment Research raised OneWater Marine from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, April 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, OneWater Marine presently has an average rating of “Buy” and an average target price of $54.00.

Shares of NASDAQ ONEW opened at $36.40 on Friday. The stock has a market cap of $556.19 million, a price-to-earnings ratio of 4.75 and a beta of 3.02. The business has a 50 day simple moving average of $37.38 and a 200 day simple moving average of $46.38. OneWater Marine has a 52 week low of $29.86 and a 52 week high of $62.79. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.42 and a current ratio of 1.14.

OneWater Marine (NASDAQ:ONEWGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.48. OneWater Marine had a return on equity of 36.08% and a net margin of 6.76%. During the same quarter in the previous year, the company earned $1.83 earnings per share. On average, analysts predict that OneWater Marine will post 8.42 EPS for the current year.

In related news, Director John Troiano sold 43,135 shares of the company’s stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $40.09, for a total value of $1,729,282.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 92,194 shares of company stock valued at $4,096,481 over the last 90 days. 20.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in ONEW. Koshinski Asset Management Inc. raised its stake in OneWater Marine by 55.3% during the first quarter. Koshinski Asset Management Inc. now owns 1,306 shares of the company’s stock worth $45,000 after acquiring an additional 465 shares in the last quarter. Byrne Asset Management LLC acquired a new position in OneWater Marine during the fourth quarter worth $58,000. O Shaughnessy Asset Management LLC raised its stake in OneWater Marine by 8.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 3,254 shares of the company’s stock worth $131,000 after acquiring an additional 257 shares in the last quarter. Lazard Asset Management LLC raised its stake in OneWater Marine by 20.6% during the fourth quarter. Lazard Asset Management LLC now owns 2,403 shares of the company’s stock worth $146,000 after acquiring an additional 411 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in OneWater Marine during the third quarter worth $169,000. Hedge funds and other institutional investors own 62.56% of the company’s stock.

OneWater Marine Company Profile (Get Rating)

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 also 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, as well as rental of boats and personal watercraft.

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