Price T Rowe Associates Inc. MD decreased its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,398,765 shares of the company's stock after selling 65,010 shares during the quarter. Price T Rowe Associates Inc. MD owned about 3.29% of BRP worth $122,027,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dnca Finance increased its position in BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company's stock valued at $71,000 after buying an additional 369 shares in the last quarter. Quadrant Capital Group LLC grew its position in BRP by 259.3% in the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock valued at $35,000 after purchasing an additional 490 shares during the period. Signaturefd LLC grew its position in BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company's stock valued at $61,000 after purchasing an additional 903 shares during the period. Quantbot Technologies LP increased its stake in BRP by 26.6% during the 4th quarter. Quantbot Technologies LP now owns 4,844 shares of the company's stock valued at $246,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in BRP by 2.2% during the fourth quarter. Bank of Nova Scotia now owns 53,439 shares of the company's stock worth $2,721,000 after buying an additional 1,159 shares during the last quarter.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Baird R W downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. UBS Group lowered their price objective on BRP from $45.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Raymond James reaffirmed a "strong-buy" rating on shares of BRP in a research report on Thursday, March 27th. Robert W. Baird reissued a "neutral" rating and issued a $43.00 price target (down from $48.00) on shares of BRP in a research report on Friday, April 4th. Finally, TD Securities reaffirmed a "hold" rating on shares of BRP in a report on Thursday, March 27th. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, BRP presently has a consensus rating of "Hold" and a consensus price target of $53.75.
View Our Latest Analysis on DOOO
BRP Stock Performance
Shares of BRP stock traded up $0.78 during trading hours on Friday, hitting $34.54. 182,093 shares of the company's stock traded hands, compared to its average volume of 157,015. The company has a fifty day simple moving average of $36.35 and a 200-day simple moving average of $44.85. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 18.37 and a beta of 1.17. BRP Inc. has a 12-month low of $31.78 and a 12-month high of $74.00.
BRP (NASDAQ:DOOO - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. BRP had a net margin of 2.29% and a return on equity of 61.20%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.97 billion. Equities research analysts anticipate that BRP Inc. will post 3.15 EPS for the current fiscal year.
BRP Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were paid a $0.1508 dividend. The ex-dividend date of this dividend was Friday, April 4th. This is a positive change from BRP's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a dividend yield of 1.75%. BRP's payout ratio is presently -29.21%.
BRP Company Profile
(
Free Report)
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.
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