OneWater Marine Inc (ONEW) Stock AnalysisONEWOneWater Marine Inc

OneWater Marine Inc. is a premium marine retailer in the United States. The Company operates a total of approximately 95 retail locations, six distribution centers/warehouses and multiple online marketplaces in 18 different states. The Company's segments include Dealerships and Distribution. The Dealership segment is engaged in the sale of new and pre-owned boats, arranges financing and insurance products, performs repairs and maintenance services, offers marine related parts and accessories and offers slip and storage accommodations in certain locations. The Distribution segment is engaged in the manufacturing, assembly and distribution primarily of marine-related products to distributors, big box retailers and online retailers through a network of warehouses and distribution centers. It offers a range of branded parts and accessories including jack plates, bilge pumps, rigging parts, plumbing components, LED lighting, storage systems and others. It operates in the Consumer Cyclicals sector (RETAIL-AUTO & HOME SUPPLY STORES industry).

OneWater Marine Inc is a good buy right now due to its recent profitability improvement, with Q3 net profit at $11.67 million, translating to $0.69 per share, and a current price of $11.97, which is below the average analyst target price of $13.00. The stock shows a positive momentum with a 5-day change of +0.50% and a year-to-date change of +11.14%. However, the main risk is the declining revenue trend, which fell 4% year-over-year to $530.71 million in Q3.