Brokerages Set OneWater Marine Inc. (NASDAQ:ONEW) Price Target at $31.25

OneWater Marine Inc. (NASDAQ:ONEW) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $31.25.

Several equities research analysts have commented on ONEW shares. Benchmark restated a “hold” rating on shares of OneWater Marine in a research note on Wednesday, July 31st. KeyCorp decreased their target price on OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st.

Insider Transactions at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of OneWater Marine stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $22.31 per share, with a total value of $334,650.00. Following the completion of the acquisition, the chief executive officer now owns 605,183 shares of the company’s stock, valued at approximately $13,501,632.73. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other OneWater Marine news, Director Jeffrey B. Lamkin purchased 2,567 shares of OneWater Marine stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $22.90 per share, with a total value of $58,784.30. Following the completion of the acquisition, the director now owns 62,281 shares of the company’s stock, valued at approximately $1,426,234.90. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Philip Austin Jr. Singleton purchased 15,000 shares of OneWater Marine stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average cost of $22.31 per share, with a total value of $334,650.00. Following the acquisition, the chief executive officer now directly owns 605,183 shares of the company’s stock, valued at $13,501,632.73. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 87,329 shares of company stock valued at $1,936,799 over the last quarter. Company insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Private Management Group Inc. lifted its holdings in OneWater Marine by 0.9% during the 3rd quarter. Private Management Group Inc. now owns 632,380 shares of the company’s stock worth $15,120,000 after buying an additional 5,916 shares during the last quarter. Vanguard Group Inc. lifted its holdings in OneWater Marine by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock worth $16,365,000 after buying an additional 11,227 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in OneWater Marine by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after buying an additional 24,364 shares during the last quarter. NBW Capital LLC lifted its holdings in OneWater Marine by 1.6% during the 1st quarter. NBW Capital LLC now owns 253,079 shares of the company’s stock worth $7,124,000 after buying an additional 4,100 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in OneWater Marine by 1.1% during the 2nd quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock worth $5,243,000 after buying an additional 2,124 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

OneWater Marine Stock Performance

Shares of NASDAQ:ONEW opened at $22.80 on Friday. The firm has a market capitalization of $366.10 million, a PE ratio of -4.00 and a beta of 2.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35. The business has a 50-day moving average of $22.74 and a two-hundred day moving average of $24.59. OneWater Marine has a 12 month low of $20.00 and a 12 month high of $35.86.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($1.01). The firm had revenue of $542.44 million for the quarter, compared to analyst estimates of $600.20 million. OneWater Marine had a positive return on equity of 6.60% and a negative net margin of 5.16%. During the same quarter in the prior year, the company earned $1.95 earnings per share. As a group, research analysts forecast that OneWater Marine will post 1.39 earnings per share for the current year.

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.