OneWater Marine Inc. (NASDAQ:ONEW – Get Free Report) traded down 3.1% during mid-day trading on Wednesday. The stock traded as low as $8.67 and last traded at $8.80. Approximately 119,711 shares were traded during trading, an increase of 13% from the average daily volume of 105,611 shares. The stock had previously closed at $9.08.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Truist Financial lowered their target price on OneWater Marine from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Weiss Ratings upgraded shares of OneWater Marine from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.33.
View Our Latest Stock Analysis on ONEW
OneWater Marine Stock Performance
The stock has a 50-day moving average price of $10.81 and a 200 day moving average price of $11.03. The company has a market cap of $157.53 million, a price-to-earnings ratio of -1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.22 and a quick ratio of 0.34.
OneWater Marine (NASDAQ:ONEW – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $530.71 million for the quarter, compared to analyst estimates of $553.73 million. OneWater Marine had a negative net margin of 6.72% and a positive return on equity of 2.20%. OneWater Marine has set its FY 2026 guidance at 0.350-0.550 EPS. As a group, analysts anticipate that OneWater Marine Inc. will post 0.35 EPS for the current fiscal year.
Hedge Funds Weigh In On OneWater Marine
Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of OneWater Marine by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 514,606 shares of the company’s stock valued at $4,863,000 after buying an additional 30,280 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of OneWater Marine by 9.5% in the first quarter. Empowered Funds LLC now owns 52,126 shares of the company’s stock worth $493,000 after acquiring an additional 4,501 shares during the period. Quantinno Capital Management LP raised its stake in shares of OneWater Marine by 94.4% during the 1st quarter. Quantinno Capital Management LP now owns 50,338 shares of the company’s stock valued at $476,000 after purchasing an additional 24,442 shares during the period. Manatuck Hill Partners LLC bought a new position in shares of OneWater Marine in the fourth quarter valued at approximately $462,000. Finally, Sei Investments Co. boosted its holdings in OneWater Marine by 83.8% in the 1st quarter. Sei Investments Co. now owns 26,978 shares of the company’s stock valued at $255,000 after purchasing an additional 12,300 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.
OneWater Marine Company Profile
OneWater Marine Inc (NASDAQ:ONEW) is a recreational marine retailer in the United States. The company operates a network of dealerships that sell new and pre-owned boats, including center consoles, cruisers, freshwater fishing boats, pontoons, bowriders and other watercraft from a range of leading manufacturers.
In addition to boat sales, OneWater Marine provides related products and services, including marine parts and accessories, repair and maintenance, boat storage, financing and insurance services.
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