OneWater Marine (NASDAQ:ONEW) Trading Down 2.1% – Here’s What Happened

OneWater Marine Inc. (NASDAQ:ONEW) traded down 2.1% on Thursday . The company traded as low as $10.78 and last traded at $10.98. Approximately 134,839 shares were traded during trading, an increase of 59% from the average session volume of 84,868 shares. The stock had previously closed at $11.21.

Analysts Set New Price Targets

ONEW has been the topic of several research reports. Weiss Ratings raised shares of OneWater Marine from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Truist Financial cut their price target on shares of OneWater Marine from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.33.

OneWater Marine Stock Performance

The company’s 50-day moving average price is $12.08 and its 200 day moving average price is $11.07. The stock has a market capitalization of $183.04 million, a PE ratio of -1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.34 and a current ratio of 1.22.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $553.73 million. OneWater Marine has set its FY 2026 guidance at 0.350-0.550 EPS. On average, equities research analysts expect that OneWater Marine Inc. will post 0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OneWater Marine

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in OneWater Marine by 94.4% during the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock valued at $45,000 after buying an additional 1,395 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in OneWater Marine by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock valued at $8,710,000 after purchasing an additional 2,378 shares during the period. JPMorgan Chase & Co. increased its position in OneWater Marine by 50.0% in the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after buying an additional 2,710 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of OneWater Marine by 5.9% in the third quarter. Bridgeway Capital Management LLC now owns 59,870 shares of the company’s stock worth $948,000 after buying an additional 3,312 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of OneWater Marine by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 126,800 shares of the company’s stock valued at $2,009,000 after buying an additional 3,400 shares in the last quarter. 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.