OneWater Marine (NASDAQ:ONEW) Stock Rating Reaffirmed by Benchmark

OneWater Marine (NASDAQ:ONEW)‘s stock had its “hold” rating reaffirmed by analysts at Benchmark in a report released on Thursday, Benzinga reports.

Other equities analysts also recently issued research reports about the company. KeyCorp cut their target price on OneWater Marine from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. DA Davidson reiterated a “neutral” rating and issued a $27.00 price objective on shares of OneWater Marine in a research report on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.60.

OneWater Marine Price Performance

OneWater Marine stock opened at $27.05 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.21 and a quick ratio of 0.30. The company has a market capitalization of $433.34 million, a PE ratio of -4.75 and a beta of 2.58. OneWater Marine has a one year low of $20.07 and a one year high of $39.15. The business has a 50 day simple moving average of $26.46 and a 200 day simple moving average of $26.61.

OneWater Marine (NASDAQ:ONEW) last posted its earnings results on Thursday, May 2nd. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.05). The company had revenue of $488.32 million for the quarter, compared to the consensus estimate of $500.87 million. OneWater Marine had a positive return on equity of 9.20% and a negative net margin of 4.29%. On average, sell-side analysts forecast that OneWater Marine will post 3.23 EPS for the current fiscal year.

Hedge Funds Weigh In On OneWater Marine

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of OneWater Marine in the 4th quarter valued at $29,000. Tower Research Capital LLC TRC increased its stake in shares of OneWater Marine by 319.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock valued at $71,000 after buying an additional 1,597 shares during the period. Bfsg LLC acquired a new stake in shares of OneWater Marine in the 4th quarter valued at $171,000. SG Americas Securities LLC increased its stake in shares of OneWater Marine by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock valued at $213,000 after buying an additional 1,350 shares during the period. Finally, MTM Investment Management LLC acquired a new stake in shares of OneWater Marine in the 4th quarter valued at $217,000. Institutional investors own 94.32% of the company’s stock.

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.