BRP Inc. (NASDAQ:DOOO) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 16.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,554 shares of the company's stock after buying an additional 24,171 shares during the quarter. Dimensional Fund Advisors LP owned 0.23% of BRP worth $8,727,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FIL Ltd lifted its holdings in shares of BRP by 176.2% during the fourth quarter. FIL Ltd now owns 792,000 shares of the company's stock worth $40,337,000 after buying an additional 505,228 shares during the last quarter. CIBC Asset Management Inc boosted its stake in BRP by 14.0% in the fourth quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock worth $7,270,000 after purchasing an additional 16,379 shares in the last quarter. Invesco Ltd. boosted its position in BRP by 18.1% in the 4th quarter. Invesco Ltd. now owns 1,163,257 shares of the company's stock valued at $59,175,000 after buying an additional 178,039 shares during the last quarter. Alberta Investment Management Corp lifted its position in BRP by 44.2% during the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock valued at $2,408,000 after purchasing an additional 14,500 shares during the period. Finally, Van ECK Associates Corp boosted its stake in BRP by 699.9% in the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company's stock valued at $3,875,000 after acquiring an additional 66,627 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in 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. TD Securities restated a "hold" rating on shares of BRP in a report on Thursday, March 27th. Robert W. Baird reiterated a "neutral" rating and issued a $43.00 target price (down from $48.00) on shares of BRP in a research note on Friday, April 4th. UBS Group lowered their target price on BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup upgraded shares of BRP from a "sell" rating to a "neutral" rating and lifted their price target for the company from $27.00 to $37.00 in a research report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BRP has an average rating of "Hold" and a consensus target price of $53.75.

BRP Price Performance

Shares of NASDAQ DOOO opened at $35.61 on Friday. The firm has a fifty day simple moving average of $35.91 and a 200 day simple moving average of $44.15. The company has a market capitalization of $2.60 billion, a PE ratio of 18.94 and a beta of 1.17. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. 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 data on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $1.97 billion. On average, sell-side analysts forecast 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. Stockholders of record on Friday, April 4th were given a $0.1508 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. This is a positive change from BRP's previous quarterly dividend of $0.15. BRP's payout ratio is -29.21%.

BRP Company 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.

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