OneWater Marine (NASDAQ:ONEW – Get Rating) had its price target decreased by research analysts at DA Davidson from $33.00 to $32.00 in a research report issued on Monday, The Fly reports. DA Davidson's target price suggests a potential upside of 8.29% from the company's previous close.
Other research analysts have also issued research reports about the stock. Stifel Nicolaus lowered their price target on shares of OneWater Marine from $45.00 to $42.00 in a report on Thursday, October 20th. Truist Financial lowered their price objective on shares of OneWater Marine from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Friday. Robert W. Baird lowered their price objective on shares of OneWater Marine from $45.00 to $42.00 in a research note on Friday. Finally, Raymond James lowered their price objective on shares of OneWater Marine from $55.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday.
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OneWater Marine Trading Down 3.4 %
Shares of OneWater Marine stock opened at $29.55 on Monday. The firm's 50-day moving average price is $30.36 and its two-hundred day moving average price is $33.28. OneWater Marine has a 12-month low of $27.10 and a 12-month high of $54.54. The company has a quick ratio of 0.43, a current ratio of 1.25 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $464.82 million, a price-to-earnings ratio of 3.56 and a beta of 2.43.
OneWater Marine (NASDAQ:ONEW – Get Rating) last issued its quarterly earnings data on Tuesday, November 15th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.61 by ($0.33). OneWater Marine had a net
margin of 6.75% and a return on equity of 29.53%. The business had revenue of $397.52 million during the quarter, compared to the consensus estimate of $404.57 million. On average, analysts forecast that OneWater Marine will post 7.75 earnings per share for the current fiscal year.
Insider Activity at OneWater Marine
In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 3,435 shares of OneWater Marine stock in a transaction that occurred on Monday, December 19th. The stock was acquired at an average price of $30.44 per share, with a total value of $104,561.40. Following the transaction, the chief executive officer now owns 535,305 shares in the company, valued at approximately $16,294,684.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders acquired 10,381 shares of company stock valued at $322,788. 20.40% of the stock is owned by company insiders.
Hedge Funds Weigh In On OneWater Marine
A number of hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in shares of OneWater Marine during the 1st quarter worth $25,000. Quantbot Technologies LP bought a new stake in shares of OneWater Marine during the 3rd quarter worth $27,000. Tower Research Capital LLC TRC raised its stake in shares of OneWater Marine by 875.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,122 shares of the company's stock worth $34,000 after purchasing an additional 1,007 shares during the period. UBS Group AG bought a new stake in shares of OneWater Marine during the 2nd quarter worth $43,000. Finally, Credit Suisse AG bought a new stake in shares of OneWater Marine during the 2nd quarter worth $44,000. 57.11% of the stock is owned by hedge funds and other institutional investors.
About OneWater Marine
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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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