OneWater Marine Inc. (NASDAQ:ONEW) Given Average Recommendation of “Buy” by Brokerages

Shares of OneWater Marine Inc. (NASDAQ:ONEWGet Rating) have received an average recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $54.00.

ONEW has been the topic of several recent research reports. Zacks Investment Research upgraded OneWater Marine from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, April 6th. Stifel Nicolaus decreased their price target on shares of OneWater Marine from $62.00 to $52.00 in a report on Monday, April 25th. Truist Financial decreased their price target on shares of OneWater Marine from $62.00 to $48.00 in a report on Thursday, April 7th. Robert W. Baird decreased their price target on shares of OneWater Marine from $70.00 to $60.00 in a report on Friday. Finally, Raymond James upped their price target on shares of OneWater Marine from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, February 4th.

In related news, Director John Troiano sold 40,000 shares of the stock in a transaction on Friday, March 4th. The stock was sold at an average price of $50.01, for a total value of $2,000,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 92,194 shares of company stock worth $4,096,481. 20.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of OneWater Marine by 1.9% during the third quarter. Geode Capital Management LLC now owns 177,073 shares of the company’s stock valued at $7,120,000 after buying an additional 3,265 shares during the last quarter. American Century Companies Inc. grew its stake in shares of OneWater Marine by 2.6% during the fourth quarter. American Century Companies Inc. now owns 1,472,988 shares of the company’s stock valued at $89,808,000 after buying an additional 37,127 shares during the last quarter. Capital World Investors bought a new position in shares of OneWater Marine during the third quarter valued at about $1,393,000. Diversified Investment Strategies LLC grew its stake in shares of OneWater Marine by 12.1% during the fourth quarter. Diversified Investment Strategies LLC now owns 15,000 shares of the company’s stock valued at $915,000 after buying an additional 1,615 shares during the last quarter. Finally, Euclidean Technologies Management LLC bought a new position in shares of OneWater Marine during the fourth quarter valued at about $227,000. 62.56% of the stock is currently owned by institutional investors and hedge funds.

OneWater Marine stock opened at $35.56 on Friday. OneWater Marine has a 12 month low of $29.86 and a 12 month high of $62.79. The company has a current ratio of 1.14, a quick ratio of 0.42 and a debt-to-equity ratio of 1.07. The business’s 50 day simple moving average is $37.08 and its 200 day simple moving average is $46.36. The company has a market cap of $543.36 million, a price-to-earnings ratio of 4.24 and a beta of 3.02.

OneWater Marine (NASDAQ:ONEWGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $2.54 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $1.83 EPS. As a group, equities research analysts forecast that OneWater Marine will post 8.42 earnings per share for the current fiscal year.

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.

Further Reading

Analyst Recommendations for OneWater Marine (NASDAQ:ONEW)

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