OneWater Marine (NASDAQ:ONEW) Shares Down 2.1% – Here’s What Happened
by Doug Wharley · The Cerbat GemOneWater Marine Inc. (NASDAQ:ONEW – Get Free Report) shares dropped 2.1% during trading on Thursday . The stock traded as low as $10.78 and last traded at $10.98. 134,839 shares changed hands during mid-day trading, an increase of 59% from the average daily volume of 84,868 shares. The stock had previously closed at $11.21.
Analyst Ratings Changes
A number of brokerages have issued reports on ONEW. Truist Financial lowered their target price on shares of OneWater Marine from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Weiss Ratings upgraded OneWater Marine from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.33.
Check Out Our Latest Analysis on ONEW
OneWater Marine Price Performance
The business’s 50-day moving average price is $12.08 and its 200 day moving average price is $11.07. The company has a market capitalization of $178.87 million, a P/E ratio of -1.44 and a beta of 1.53. The company has a quick ratio of 0.34, a current ratio of 1.22 and a debt-to-equity ratio of 1.14.
OneWater Marine (NASDAQ:ONEW – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). OneWater Marine had a positive return on equity of 2.20% and a negative net margin of 6.72%.The firm had revenue of $530.71 million for the quarter, compared to the consensus estimate of $553.73 million. OneWater Marine has set its FY 2026 guidance at 0.350-0.550 EPS. Analysts anticipate that OneWater Marine Inc. will post 0.35 EPS for the current fiscal year.
Institutional Investors Weigh In On OneWater Marine
Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in OneWater Marine by 94.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after acquiring an additional 1,395 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in OneWater Marine in the fourth quarter valued at approximately $82,000. Hsbc Holdings PLC purchased a new position in OneWater Marine in the 1st quarter worth approximately $113,000. JPMorgan Chase & Co. increased its holdings in shares of OneWater Marine by 50.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after buying an additional 2,710 shares during the last quarter. Finally, Man Group plc purchased a new stake in shares of OneWater Marine during the 4th quarter valued at $139,000. Institutional investors own 94.32% of the company’s stock.
OneWater Marine Company Profile
OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.
Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.