BRP Inc. $DOOO Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group raised its stake in BRP Inc. by 8.1% to 1,372,256 shares (about 1.88% of the company), valued at roughly $83.4 million.
• BRP beat quarterly estimates with $1.15 EPS vs. $0.88 expected and revenue of $1.61 billion (+14% YoY), while the stock trades near $71.78 with a 52‑week range of $31.78–$78.07 and a market cap of $5.24 billion.
• Analysts have an average rating of “Moderate Buy” on DOOO with a consensus price target of $84.40 (3 Strong Buy, 8 Buy, 5 Hold).

Vanguard Group Inc. lifted its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 8.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,372,256 shares of the company's stock after acquiring an additional 102,269 shares during the period. Vanguard Group Inc. owned 1.88% of BRP worth $83,437,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company's stock valued at $34,000 after purchasing an additional 625 shares during the period. Sagard Holdings Management Inc. bought a new stake in shares of BRP during the second quarter valued at approximately $41,000. JPMorgan Chase & Co. boosted its position in shares of BRP by 1,057.4% during the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company's stock worth $66,000 after buying an additional 994 shares during the period. Raymond James Financial Inc. bought a new position in BRP in the 2nd quarter worth approximately $60,000. Finally, Acadian Asset Management LLC acquired a new stake in BRP in the 1st quarter valued at approximately $70,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on DOOO shares. National Bank Financial upgraded BRP from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 4th. Zacks Research downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a report on Monday, November 10th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of BRP in a research report on Friday, December 5th. Citigroup restated a "buy" rating on shares of BRP in a research report on Wednesday, January 14th. Finally, Desjardins reaffirmed a "buy" rating on shares of BRP in a research note on Friday, December 5th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, BRP presently has an average rating of "Moderate Buy" and a consensus price target of $84.40.

BRP Price Performance

NASDAQ:DOOO opened at $71.78 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31. The business's 50-day moving average price is $76.28 and its 200 day moving average price is $69.49. BRP Inc. has a 52-week low of $31.78 and a 52-week high of $78.07. The firm has a market cap of $5.24 billion, a P/E ratio of 194.00 and a beta of 1.26.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.27. BRP had a net margin of 0.45% and a return on equity of 67.30%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.50 billion. The company's revenue for the quarter was up 14.0% on a year-over-year basis. As a group, sell-side analysts predict that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

BRP Profile

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company's diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP's product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.

Want to see what other hedge funds are holding DOOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BRP Inc. (NASDAQ:DOOO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.