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

OneWater Marine (NASDAQ:ONEW) had its price target cut by Stifel Nicolaus from $34.00 to $31.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on ONEW. KeyCorp reduced their price target on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday. Benchmark restated a “hold” rating on shares of OneWater Marine in a report 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

OneWater Marine Stock Performance

NASDAQ ONEW opened at $19.66 on Friday. The stock has a market capitalization of $315.68 million, a PE ratio of -49.15 and a beta of 2.58. OneWater Marine has a 1-year low of $19.60 and a 1-year high of $35.86. The business has a 50 day simple moving average of $22.63 and a two-hundred day simple moving average of $24.60. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35.

Insider Buying and Selling

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

Institutional Trading of OneWater Marine

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of OneWater Marine by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after acquiring an additional 24,364 shares during the period. Bfsg LLC increased its holdings in OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after purchasing an additional 565 shares during the period. Royce & Associates LP increased its holdings in OneWater Marine by 9.7% during the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock worth $39,150,000 after purchasing an additional 144,926 shares during the period. Vanguard Group Inc. raised its position in OneWater Marine by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock valued at $16,365,000 after purchasing an additional 11,227 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of OneWater Marine by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after buying an additional 994 shares during the period. Hedge funds and other institutional investors 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.