OneWater Marine’s (ONEW) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of OneWater Marine (NASDAQ:ONEW) in a report published on Friday morning, MarketBeat Ratings reports. They currently have a $18.00 target price on the stock, down from their previous target price of $25.00.

Several other research firms have also issued reports on ONEW. Stifel Nicolaus dropped their price objective on OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. KeyCorp dropped their price target on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial decreased their price objective on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, OneWater Marine has a consensus rating of “Moderate Buy” and a consensus target price of $22.60.

OneWater Marine Trading Down 9.6 %

NASDAQ ONEW opened at $13.79 on Friday. OneWater Marine has a 12 month low of $12.77 and a 12 month high of $31.36. The company has a current ratio of 1.24, a quick ratio of 0.25 and a debt-to-equity ratio of 1.08. The stock has a 50 day moving average of $17.34 and a 200-day moving average of $19.40. The company has a market cap of $224.96 million, a PE ratio of -19.15 and a beta of 2.33.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. On average, equities research analysts anticipate that OneWater Marine will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the transaction, the chief executive officer now directly owns 682,368 shares in the company, valued at approximately $10,508,467.20. This trade represents a 2.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.30% of the company’s stock.

Institutional Investors Weigh In On OneWater Marine

Several institutional investors have recently made changes to their positions in ONEW. Mackenzie Financial Corp bought a new position in OneWater Marine during the 4th quarter worth $394,000. Millennium Management LLC bought a new position in shares of OneWater Marine in the fourth quarter worth $782,000. Bank of America Corp DE increased its position in shares of OneWater Marine by 23.3% in the fourth quarter. Bank of America Corp DE now owns 16,296 shares of the company’s stock worth $283,000 after purchasing an additional 3,077 shares during the period. BNP Paribas Financial Markets acquired a new position in OneWater Marine in the fourth quarter valued at about $29,000. Finally, Ameriprise Financial Inc. lifted its position in OneWater Marine by 13.7% during the fourth quarter. Ameriprise Financial Inc. now owns 54,352 shares of the company’s stock worth $945,000 after purchasing an additional 6,563 shares during the period. 94.32% of the stock is currently owned by 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.