Key Points
- Chairman Philip Austin Jr. Singleton bought 18,008 shares of OneWater Marine on Feb. 12 at an average $12.52 (about $225,460), after also buying 6,345 shares on Feb. 11, bringing his holdings to 779,776 shares (a 2.36% increase); the trades were disclosed in an SEC filing.
- Company fundamentals are mixed: OneWater beat Q4 EPS estimates (reported -$0.04 vs. -$0.39) with $380.6M revenue, but carries a negative P/E and $198M market cap, while analysts have an average rating of "Hold" with a $17 consensus target.
OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) Director John Troiano sold 1,662 shares of the business's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $13.19, for a total transaction of $21,921.78. Following the completion of the sale, the director directly owned 51,592 shares of the company's stock, valued at approximately $680,498.48. The trade was a 3.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
OneWater Marine Stock Performance
ONEW opened at $11.98 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.13 and a debt-to-equity ratio of 1.18. OneWater Marine Inc. has a 52-week low of $10.14 and a 52-week high of $21.00. The company has a market cap of $198.03 million, a price-to-earnings ratio of -1.78 and a beta of 1.67. The firm's fifty day simple moving average is $12.35 and its two-hundred day simple moving average is $14.21.
OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.35. OneWater Marine had a positive return on equity of 4.32% and a negative net margin of 5.88%.The company had revenue of $380.56 million during the quarter, compared to analyst estimates of $380.32 million. Equities analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ONEW has been the topic of a number of recent research reports. KeyCorp lowered their price objective on OneWater Marine from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Friday, November 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of OneWater Marine in a report on Thursday, January 22nd. Zacks Research upgraded shares of OneWater Marine from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Finally, Benchmark reaffirmed a "hold" rating on shares of OneWater Marine in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $17.00.
Get Our Latest Analysis on OneWater Marine
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in ONEW. American Century Companies Inc. boosted its position in shares of OneWater Marine by 15.3% during the second quarter. American Century Companies Inc. now owns 1,969,542 shares of the company's stock worth $26,372,000 after buying an additional 261,545 shares during the period. Marshall Wace LLP lifted its stake in OneWater Marine by 169.9% during the 4th quarter. Marshall Wace LLP now owns 246,049 shares of the company's stock worth $2,662,000 after acquiring an additional 154,876 shares in the last quarter. Jane Street Group LLC boosted its holdings in OneWater Marine by 126.6% during the 2nd quarter. Jane Street Group LLC now owns 25,831 shares of the company's stock valued at $346,000 after acquiring an additional 122,976 shares during the period. Divisadero Street Capital Management LP acquired a new position in OneWater Marine in the 3rd quarter valued at about $1,711,000. Finally, First Eagle Investment Management LLC grew its position in OneWater Marine by 66.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 251,048 shares of the company's stock valued at $3,362,000 after acquiring an additional 99,964 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.
About OneWater Marine
(
Get Free Report)
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.
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