Price T Rowe Associates Inc. MD Has $122.03 Million Stake in BRP Inc. (NASDAQ:DOOO)

Price T Rowe Associates Inc. MD lowered its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Capital World Investors grew its position in BRP by 101.2% in the fourth quarter. Capital World Investors now owns 1,971,033 shares of the company's stock valued at $100,386,000 after acquiring an additional 991,392 shares in the last quarter. FIL Ltd boosted its stake in shares of BRP by 176.2% in the fourth quarter. FIL Ltd now owns 792,000 shares of the company's stock valued at $40,337,000 after purchasing an additional 505,228 shares during the period. Norges Bank acquired a new stake in BRP during the 4th quarter valued at $15,259,000. Franklin Resources Inc. increased its stake in BRP by 41.5% during the 3rd quarter. Franklin Resources Inc. now owns 731,268 shares of the company's stock worth $43,461,000 after buying an additional 214,626 shares during the period. Finally, Invesco Ltd. lifted its holdings in 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 in the last quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on DOOO shares. Baird R W lowered shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. UBS Group cut their target price on shares of BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Robert W. Baird reissued a "neutral" rating and issued a $43.00 price objective (down from $48.00) on shares of BRP in a report on Friday, April 4th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and upped their price objective for the company from $27.00 to $37.00 in a research note on Friday, April 4th. Finally, TD Securities reiterated 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $53.75.

BRP Stock Down 0.4 %

Shares of DOOO stock traded down $0.13 on Thursday, hitting $33.76. The company's stock had a trading volume of 155,256 shares, compared to its average volume of 155,919. 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 $2.47 billion, a price-to-earnings ratio of 17.96 and a beta of 1.71. BRP Inc. has a fifty-two week low of $31.78 and a fifty-two week high of $74.00. The firm's fifty day moving average price is $36.62 and its 200-day moving average price is $45.26.

BRP (NASDAQ:DOOO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, topping 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 business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.97 billion. Research analysts anticipate that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were issued a $0.1508 dividend. This represents a $0.60 annualized dividend and a yield of 1.79%. 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. BRP's payout ratio is -29.21%.

About BRP

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.