Stifel Nicolaus Lowers OneWater Marine (NASDAQ:ONEW) Price Target to $31.00

OneWater Marine (NASDAQ:ONEW) had its price objective decreased by stock analysts at Stifel Nicolaus from $34.00 to $31.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 55.00% from the company’s previous close.

A number of other brokerages have also recently issued reports on ONEW. Benchmark restated a “hold” rating on shares of OneWater Marine in a report on Friday. KeyCorp reduced their price objective on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

OneWater Marine Price Performance

Shares of ONEW stock opened at $20.00 on Friday. OneWater Marine has a 1 year low of $19.66 and a 1 year high of $35.86. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The firm’s 50 day moving average is $22.67 and its 200-day moving average is $24.59. The firm has a market capitalization of $321.20 million, a price-to-earnings ratio of -3.00 and a beta of 2.58.

Insider Buying and Selling at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton acquired 6,700 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of $22.39 per share, with a total value of $150,013.00. Following the completion of the transaction, the chief executive officer now directly owns 620,217 shares of the company’s stock, valued at $13,886,658.63. This trade represents a 1.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Anthony M. Aisquith purchased 5,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $21.75 per share, with a total value of $108,750.00. Following the acquisition, the chief operating officer now owns 724,316 shares in the company, valued at $15,753,873. This trade represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 20,034 shares of company stock valued at $441,828 in the last ninety days. 18.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneWater Marine

Several hedge funds have recently modified their holdings of ONEW. FMR LLC increased its stake in shares of OneWater Marine by 332.5% in the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares during the period. SG Americas Securities LLC acquired a new stake in OneWater Marine during the 3rd quarter valued at approximately $119,000. Bfsg LLC increased its position in OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after purchasing an additional 565 shares during the period. SageView Advisory Group LLC bought a new position in OneWater Marine during the 1st quarter worth approximately $322,000. Finally, Barclays PLC lifted its position in shares of OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after purchasing an additional 11,416 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

About OneWater Marine

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.