OneWater Marine (NASDAQ:ONEW) Stock Price Down 1.6% – Should You Sell?

OneWater Marine Inc. (NASDAQ:ONEW) shares were down 1.6% on Thursday . The stock traded as low as $11.20 and last traded at $11.41. Approximately 65,777 shares were traded during mid-day trading, a decline of 44% from the average session volume of 116,714 shares. The stock had previously closed at $11.59.

Analyst Ratings Changes

Several analysts recently commented on ONEW shares. Truist Financial reduced their target price on shares of OneWater Marine from $15.00 to $13.00 and set a “buy” rating for the company in a report on Monday, July 6th. Robert W. Baird set a $13.00 price target on shares of OneWater Marine in a report on Friday, May 1st. KeyCorp cut their price objective on shares of OneWater Marine from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded OneWater Marine from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, OneWater Marine currently has a consensus rating of “Hold” and a consensus price target of $13.33.

OneWater Marine Stock Up 4.4%

The company has a current ratio of 1.22, a quick ratio of 0.34 and a debt-to-equity ratio of 1.14. The stock has a market cap of $198.54 million, a P/E ratio of -1.60 and a beta of 1.51. The firm has a 50-day simple moving average of $11.92 and a two-hundred day simple moving average of $11.19.

OneWater Marine (NASDAQ:ONEW) 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 analyst estimates of $553.73 million. OneWater Marine has set its FY 2026 guidance at 0.350-0.550 EPS. Equities research analysts expect that OneWater Marine Inc. will post 0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP increased its holdings in shares of OneWater Marine by 169.9% during the fourth quarter. Marshall Wace LLP now owns 246,049 shares of the company’s stock worth $2,662,000 after purchasing an additional 154,876 shares during the period. Jane Street Group LLC boosted its stake in shares of OneWater Marine by 126.6% in the second quarter. Jane Street Group LLC now owns 25,831 shares of the company’s stock valued at $346,000 after buying an additional 122,976 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of OneWater Marine by 33.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 287,265 shares of the company’s stock valued at $3,108,000 after buying an additional 72,595 shares during the period. Bridgeway Capital Management LLC acquired a new stake in OneWater Marine during the second quarter worth approximately $757,000. Finally, Manatuck Hill Partners LLC acquired a new stake in OneWater Marine during the fourth quarter worth approximately $462,000. Institutional investors and hedge funds 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.