BRP Inc. (NASDAQ:DOOO) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 529.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,707 shares of the company's stock after purchasing an additional 7,323 shares during the quarter. Barclays PLC's holdings in BRP were worth $443,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. FIL Ltd grew its position in BRP by 176.2% in the 4th quarter. FIL Ltd now owns 792,000 shares of the company's stock valued at $40,337,000 after acquiring an additional 505,228 shares during the last quarter. Norges Bank purchased a new stake in shares of BRP in the 4th quarter worth $15,259,000. Invesco Ltd. lifted its holdings in shares of BRP by 18.1% in the 4th quarter. Invesco Ltd. now owns 1,163,257 shares of the company's stock worth $59,175,000 after buying an additional 178,039 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of BRP in the 4th quarter worth $6,839,000. Finally, Alliancebernstein L.P. lifted its stake in shares of BRP by 25.0% during the 4th quarter. Alliancebernstein L.P. now owns 388,568 shares of the company's stock worth $19,766,000 after purchasing an additional 77,699 shares during the last quarter.

BRP Price Performance

DOOO traded down $0.18 during trading on Thursday, hitting $36.93. The company's stock had a trading volume of 29,006 shares, compared to its average volume of 159,421. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The business's fifty day simple moving average is $35.73 and its 200 day simple moving average is $43.92. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.63 and a beta of 1.17. BRP Inc. has a twelve month low of $31.78 and a twelve month high of $74.00.

BRP (NASDAQ:DOOO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, equities research analysts forecast that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were given a $0.1508 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. This is an increase from BRP's previous quarterly dividend of $0.15. BRP's payout ratio is currently -29.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird reiterated a "neutral" rating and issued a $43.00 price target (down from $48.00) on shares of BRP in a research note on Friday, April 4th. Baird R W cut BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. UBS Group dropped their target price on BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Raymond James reaffirmed a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. Finally, Citigroup raised BRP from a "sell" rating to a "neutral" rating and raised their target price for the stock from $27.00 to $37.00 in a report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, BRP presently has an average rating of "Hold" and an average price target of $53.75.

BRP Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.