OneWater Marine (NASDAQ:ONEW) Given “Neutral” Rating at Robert W. Baird

OneWater Marine (NASDAQ:ONEW)‘s stock had its “neutral” rating reiterated by research analysts at Robert W. Baird in a research report issued on Friday,Benzinga reports. They currently have a $18.00 price objective on the stock, down from their prior price objective of $25.00. Robert W. Baird’s target price points to a potential upside of 17.96% from the stock’s current price.

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

OneWater Marine Stock Down 10.4 %

Shares of NASDAQ:ONEW opened at $15.26 on Friday. The firm has a market capitalization of $248.94 million, a P/E ratio of -21.19 and a beta of 2.33. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. The stock has a 50 day moving average price of $17.41 and a 200-day moving average price of $19.52. OneWater Marine has a 52-week low of $14.13 and a 52-week high of $31.36.

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

Insider Transactions at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $15.40 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 682,368 shares of the company’s stock, valued at approximately $10,508,467.20. This trade represents a 2.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 20.30% of the company’s stock.

Institutional Investors Weigh In On OneWater Marine

A number of hedge funds have recently added to or reduced their stakes in ONEW. Mackenzie Financial Corp purchased a new position in OneWater Marine in the fourth quarter worth about $394,000. Millennium Management LLC bought a new stake in OneWater Marine during the fourth quarter valued at approximately $782,000. Bank of America Corp DE raised its position in 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 acquiring an additional 3,077 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of OneWater Marine during the 4th quarter worth $29,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of OneWater Marine by 13.7% during the 4th quarter. Ameriprise Financial Inc. now owns 54,352 shares of the company’s stock worth $945,000 after acquiring an additional 6,563 shares during the last quarter. 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.