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.
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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.
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Read More: OneWater Marine Inc. (NASDAQ:ONEW) Receives Consensus Rating of “Buy” from Brokerages