OneWater Marine (NASDAQ:ONEW) had its target price lifted by Raymond James from $61.00 to $72.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 44.99% from the company’s current price.
ONEW has been the subject of a number of other reports. KeyCorp raised their price target on OneWater Marine from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 19th. Robert W. Baird raised OneWater Marine to an “outperform” rating and raised their price target for the company from $60.00 to $70.00 in a report on Friday, November 19th. Truist Financial dropped their price target on OneWater Marine from $65.00 to $58.00 in a report on Wednesday, January 26th. Finally, Zacks Investment Research raised OneWater Marine from a “hold” rating to a “strong-buy” rating and set a $63.00 price target for the company in a report on Wednesday, November 24th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $58.86.
Shares of OneWater Marine stock traded down $1.41 during midday trading on Friday, hitting $49.66. 310 shares of the company were exchanged, compared to its average volume of 98,789. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.23 and a quick ratio of 0.60. The firm has a market cap of $758.90 million, a P/E ratio of 7.17 and a beta of 3.51. OneWater Marine has a 52 week low of $32.77 and a 52 week high of $62.79. The firm has a 50 day simple moving average of $52.91 and a 200-day simple moving average of $47.11.
OneWater Marine (NASDAQ:ONEW) last posted its earnings results on Thursday, February 3rd. The company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.38. OneWater Marine had a return on equity of 35.48% and a net margin of 6.44%. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Equities research analysts expect that OneWater Marine will post 8.39 earnings per share for the current year.
In other news, COO Anthony M. Aisquith sold 5,276 shares of the firm’s stock in a transaction on Friday, January 7th. The stock was sold at an average price of $58.00, for a total value of $306,008.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Anthony M. Aisquith sold 1,040 shares of the firm’s stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $50.00, for a total value of $52,000.00. The disclosure for this sale can be found here. Insiders sold a total of 142,765 shares of company stock worth $7,974,013 over the last 90 days. 20.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. NBW Capital LLC lifted its holdings in OneWater Marine by 0.9% during the fourth quarter. NBW Capital LLC now owns 149,203 shares of the company’s stock worth $9,097,000 after acquiring an additional 1,365 shares in the last quarter. Calamos Advisors LLC lifted its holdings in OneWater Marine by 7.7% during the fourth quarter. Calamos Advisors LLC now owns 61,199 shares of the company’s stock worth $3,731,000 after acquiring an additional 4,370 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in OneWater Marine during the fourth quarter worth about $273,000. J.W. Cole Advisors Inc. bought a new position in OneWater Marine during the fourth quarter worth about $202,000. Finally, Diversified Investment Strategies LLC lifted its holdings in OneWater Marine by 12.1% during the fourth quarter. Diversified Investment Strategies LLC now owns 15,000 shares of the company’s stock worth $915,000 after acquiring an additional 1,615 shares in the last quarter. Hedge funds and other institutional investors own 66.22% of the company’s stock.
OneWater Marine Company Profile
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.