BRP Inc. $DOOO Stock Holdings Boosted by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. raised its stake in BRP Inc. by 14.2%, acquiring an additional 55,336 shares, bringing its total holdings to 443,904 shares.
• BRP's stock has received multiple positive ratings from analysts, including a "strong-buy" upgrade from Zacks Research, and has an average price target of $71.50.
• The company recently declared a quarterly dividend increase from $0.16 to $0.215, representing an annualized yield of 1.3%.

Alliancebernstein L.P. raised its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 14.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 443,904 shares of the company's stock after buying an additional 55,336 shares during the quarter. Alliancebernstein L.P. owned about 0.61% of BRP worth $15,008,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming acquired a new stake in BRP during the first quarter valued at approximately $93,000. Russell Investments Group Ltd. raised its stake in BRP by 75.3% during the first quarter. Russell Investments Group Ltd. now owns 3,820 shares of the company's stock valued at $129,000 after buying an additional 1,641 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in BRP during the fourth quarter valued at approximately $229,000. Quantinno Capital Management LP acquired a new stake in BRP during the fourth quarter valued at approximately $298,000. Finally, Aigen Investment Management LP acquired a new stake in BRP during the first quarter valued at approximately $451,000.

BRP Stock Performance

DOOO traded down $0.83 during trading hours on Friday, hitting $64.30. The company's stock had a trading volume of 205,742 shares, compared to its average volume of 360,925. BRP Inc. has a fifty-two week low of $31.78 and a fifty-two week high of $68.42. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54. The firm has a market capitalization of $4.70 billion, a PE ratio of -267.92 and a beta of 1.19. The company has a 50-day simple moving average of $55.27 and a 200 day simple moving average of $45.01.

BRP (NASDAQ:DOOO - Get Free Report) last posted its earnings results on Friday, August 29th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.33 by $0.34. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%.The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. As a group, sell-side analysts expect that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.215 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.86 annualized dividend and a yield of 1.3%. This is an increase from BRP's previous quarterly dividend of $0.16. BRP's payout ratio is -258.33%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DOOO shares. TD Securities reiterated a "buy" rating on shares of BRP in a research report on Tuesday, September 2nd. Stifel Canada upgraded BRP from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 29th. Citigroup increased their price target on BRP from $51.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Desjardins upgraded BRP from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Wall Street Zen upgraded BRP from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $71.50.

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.