OneWater Marine Inc. (NASDAQ:ONEW) Receives Consensus Recommendation of “Hold” from Analysts

OneWater Marine Inc. (NASDAQ:ONEW) has been given a consensus rating of “Hold” by the eight analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.60.

A number of brokerages have commented on ONEW. Zacks Research cut OneWater Marine from a “hold” rating to a “strong sell” rating in a report on Monday, August 25th. KeyCorp increased their price target on OneWater Marine from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 1st.

OneWater Marine Stock Up 1.0%

Shares of ONEW opened at $15.92 on Friday. OneWater Marine has a 52 week low of $11.58 and a 52 week high of $26.77. The company has a quick ratio of 0.37, a current ratio of 1.23 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $260.61 million, a price-to-earnings ratio of -19.65 and a beta of 1.99. The stock’s 50-day moving average price is $16.07 and its 200-day moving average price is $15.13.

OneWater Marine (NASDAQ:ONEW) last issued its earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.33). OneWater Marine had a positive return on equity of 0.45% and a negative net margin of 0.61%.The company had revenue of $552.86 million during the quarter, compared to analysts’ expectations of $532.01 million. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. On average, sell-side analysts predict that OneWater Marine will post 1.57 EPS for the current year.

Insider Activity at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton purchased 3,654 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was purchased at an average price of $15.37 per share, with a total value of $56,161.98. Following the completion of the acquisition, the chief executive officer owned 712,244 shares in the company, valued at $10,947,190.28. This trade represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Troiano sold 15,041 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $17.35, for a total value of $260,961.35. Following the completion of the transaction, the director owned 52,226 shares of the company’s stock, valued at $906,121.10. The trade was a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ONEW. American Century Companies Inc. boosted its position in shares of OneWater Marine by 15.3% during the second quarter. American Century Companies Inc. now owns 1,969,542 shares of the company’s stock worth $26,372,000 after buying an additional 261,545 shares during the period. Philadelphia Financial Management of San Francisco LLC purchased a new position in OneWater Marine in the first quarter valued at $4,053,000. Royce & Associates LP boosted its holdings in OneWater Marine by 7.9% in the first quarter. Royce & Associates LP now owns 2,000,586 shares of the company’s stock valued at $32,369,000 after purchasing an additional 146,798 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in OneWater Marine by 40.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 455,320 shares of the company’s stock valued at $7,367,000 after purchasing an additional 130,400 shares during the period. Finally, Jane Street Group LLC boosted its holdings in OneWater Marine by 126.6% in the second quarter. Jane Street Group LLC now owns 25,831 shares of the company’s stock valued at $346,000 after purchasing an additional 122,976 shares during the period. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

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.