OneWater Marine (ONEW)

• Market cap: $236M
• 1 day: -1.43%
• 5 days: 7.22%
• 1 month: -22.67%
• 3 months: -30.78%
• 6 months: -47.83%
• Year to date: -7.40%
• 1 year: -45.90%
• 5 years: 5.02%
• 10 years: 5.02%
• Sector: Consumer Discretionary
• Industry: Auto & Home Supply Stores

About: OneWater Marine Inc is a recreational marine retailer in the United States. The company operates in two segments: Dealership and Distribution. The Dealership segment is involved in selling new and pre-owned boats. It also arranges financing and insurance products, provides repairs and maintenance services, offers marine-related parts and accessories, and supplies slip and storage accommodations at certain locations. The Distribution segment focuses on the manufacturing, assembly, and distribution of marine-related products. These products are supplied to distributors, box retailers, and online retailers through a network of warehouses and distribution centers. The company generates the majority of its revenue from the Dealership segment.

Employees: 2,203

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

4% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 26

3.88% less ownership

Funds ownership: 76.87% [Q2] → 72.99% (-3.88%) [Q3]

11% less funds holding

Funds holding: 81 [Q2] → 72 (-9) [Q3]

17% less capital invested

Capital invested by funds: $309M [Q2] → $255M (-$53.9M) [Q3]

47% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 17

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

97% less call options, than puts

Call options by funds: $438K | Put options by funds: $13.8M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $22 38% upside
• Avg. target: $24 49% upside
• High target: $25 57% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Stifel Drew Crum 40% 1-year accuracy 12 / 30 met price target	57% upside $25	Buy Maintained	15 Jan 2025
Keybanc Brett Andress 25% 1-year accuracy 2 / 8 met price target	38% upside $22	Overweight Maintained	8 Jan 2025
Truist Securities Michael Swartz 40% 1-year accuracy 20 / 50 met price target	57% upside $25	Buy Maintained	7 Jan 2025
DA Davidson Brandon Rolle 10% 1-year accuracy 1 / 10 met price target	45% upside $23	Neutral Maintained	18 Nov 2024