Robert W. Baird Reaffirms Neutral Rating for OneWater Marine (NASDAQ:ONEW)

OneWater Marine (NASDAQ:ONEW)‘s stock had its “neutral” rating restated by Robert W. Baird in a research note issued to investors on Friday,Benzinga reports. They presently have a $18.00 price objective on the stock, down from their prior price objective of $25.00. Robert W. Baird’s target price would indicate a potential upside of 17.96% from the company’s current price.

Several other equities analysts have also commented on the company. Stifel Nicolaus reduced their price objective on OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. KeyCorp cut their target price on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial decreased their price target on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.60.

OneWater Marine Trading Down 10.4 %

Shares of OneWater Marine stock opened at $15.26 on Friday. The company has a 50 day simple moving average of $17.41 and a two-hundred day simple moving average of $19.52. The firm has a market cap of $248.94 million, a PE ratio of -21.19 and a beta of 2.33. OneWater Marine has a 1 year low of $14.13 and a 1 year high of $31.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 0.25.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping 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%. Analysts expect that OneWater Marine will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton acquired 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 completion of the transaction, the chief executive officer now owns 682,368 shares of the company’s stock, valued at $10,508,467.20. The trade was a 2.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.30% of the company’s stock.

Institutional Trading of OneWater Marine

Several large investors have recently modified their holdings of the business. Royce & Associates LP lifted its holdings in OneWater Marine by 13.2% in the 4th quarter. Royce & Associates LP now owns 1,853,788 shares of the company’s stock worth $32,219,000 after buying an additional 216,410 shares during the period. American Century Companies Inc. raised its holdings in shares of OneWater Marine by 1.8% during the fourth quarter. American Century Companies Inc. now owns 1,676,270 shares of the company’s stock valued at $29,134,000 after acquiring an additional 29,468 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in OneWater Marine by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 470,987 shares of the company’s stock worth $8,186,000 after acquiring an additional 3,508 shares during the period. Geode Capital Management LLC lifted its stake in OneWater Marine by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 296,285 shares of the company’s stock worth $5,150,000 after acquiring an additional 2,454 shares during the period. Finally, Sei Investments Co. boosted its holdings in OneWater Marine by 14.0% in the fourth quarter. Sei Investments Co. now owns 229,506 shares of the company’s stock valued at $3,989,000 after acquiring an additional 28,164 shares in the last quarter. 94.32% of the stock is owned by institutional investors.

About OneWater Marine

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.