OneWater Marine Inc. (NASDAQ:ONEW) has received a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $57.88.
A number of analysts have commented on the stock. Truist Securities upped their price target on shares of OneWater Marine from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 19th. Robert W. Baird raised shares of OneWater Marine to an “outperform” rating and increased their price objective for the stock from $60.00 to $70.00 in a research report on Friday, November 19th. Truist increased their price objective on shares of OneWater Marine from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 19th. KeyCorp increased their price objective on shares of OneWater Marine from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 19th. Finally, Wolfe Research started coverage on shares of OneWater Marine in a research report on Thursday, September 30th. They set an “outperform” rating and a $45.00 price objective on the stock.
In other OneWater Marine news, COO Anthony M. Aisquith sold 27,831 shares of the stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $50.09, for a total value of $1,394,054.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Troiano sold 21,879 shares of the stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $54.69, for a total transaction of $1,196,562.51. The disclosure for this sale can be found here. Insiders sold a total of 104,138 shares of company stock worth $5,454,572 in the last 90 days. 24.63% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of ONEW. Koshinski Asset Management Inc. purchased a new stake in OneWater Marine in the 3rd quarter valued at about $35,000. New York State Teachers Retirement System bought a new position in shares of OneWater Marine during the 3rd quarter valued at approximately $36,000. Legal & General Group Plc grew its position in shares of OneWater Marine by 30.3% during the 2nd quarter. Legal & General Group Plc now owns 1,410 shares of the company’s stock valued at $59,000 after acquiring an additional 328 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of OneWater Marine by 200.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,500 shares of the company’s stock valued at $63,000 after acquiring an additional 1,000 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of OneWater Marine by 23.7% during the 2nd quarter. Lazard Asset Management LLC now owns 2,123 shares of the company’s stock valued at $89,000 after acquiring an additional 407 shares during the period. Hedge funds and other institutional investors own 71.04% of the company’s stock.
Shares of ONEW opened at $60.97 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.60 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $931.62 million, a P/E ratio of 8.80 and a beta of 3.51. The firm’s fifty day simple moving average is $51.04 and its two-hundred day simple moving average is $45.31. OneWater Marine has a 12 month low of $27.73 and a 12 month high of $61.80.
OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings results on Thursday, November 18th. The company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.17. The business had revenue of $280.31 million for the quarter, compared to analysts’ expectations of $290.80 million. OneWater Marine had a net margin of 6.44% and a return on equity of 35.48%. During the same quarter in the prior year, the firm posted $0.90 earnings per share. As a group, research analysts predict that OneWater Marine will post 7.96 EPS for the current fiscal year.
About OneWater Marine
OneWater Marine Inc operates as a recreational boat retailer in the United States. It offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. The company also provides boat repair and maintenance services; arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina, as well as rental of boats and personal watercraft.
Featured Story: How Do You Make Money With Penny Stocks?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider OneWater Marine, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and OneWater Marine wasn’t on the list.
While OneWater Marine currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.