Charles Schwab Investment Management Inc. Has $3.69 Million Stake in BRP Inc. $DOOO

Key Points

• Charles Schwab Investment Management Inc. increased its stake in BRP Inc. by 10.1%, owning 109,158 shares worth approximately $3.68 million at the end of the reporting period.
• BRP recently announced a quarterly dividend of $0.215, reflecting an increase from the previous dividend of $0.16, with a current annualized yield of 1.4%.
• Multiple analysts upgraded BRP's stock ratings, with Stifel Canada and Desjardins both moving their ratings from "hold" to "strong-buy," indicating increasing confidence in the company's performance.

Charles Schwab Investment Management Inc. increased its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 10.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 109,158 shares of the company's stock after buying an additional 10,004 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.15% of BRP worth $3,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Turtle Creek Asset Management Inc. grew its position in shares of BRP by 29.0% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock valued at $151,118,000 after acquiring an additional 668,607 shares during the period. Mackenzie Financial Corp lifted its holdings in BRP by 15.0% during the 1st quarter. Mackenzie Financial Corp now owns 1,884,728 shares of the company's stock valued at $63,636,000 after purchasing an additional 245,463 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of BRP by 5.4% in the fourth quarter. Systematic Financial Management LP now owns 202,425 shares of the company's stock valued at $10,297,000 after purchasing an additional 10,341 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of BRP by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 171,554 shares of the company's stock valued at $8,727,000 after purchasing an additional 24,171 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of BRP by 5.5% during the 1st quarter. Fiera Capital Corp now owns 135,330 shares of the company's stock worth $4,574,000 after buying an additional 7,082 shares during the last quarter.

BRP Trading Down 2.2%

Shares of NASDAQ:DOOO traded down $1.46 during midday trading on Wednesday, hitting $65.26. 298,592 shares of the stock were exchanged, compared to its average volume of 243,558. The business's 50-day moving average price is $52.81 and its 200 day moving average price is $43.71. BRP Inc. has a 12 month low of $31.78 and a 12 month high of $69.70. The company has a debt-to-equity ratio of 5.85, a quick ratio of 0.58 and a current ratio of 1.34. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of -271.48 and a beta of 1.19.

BRP (NASDAQ:DOOO - Get Free Report) last posted its earnings results on Friday, August 29th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.33 by $0.34. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.77 billion. BRP had a negative net margin of 0.34% and a positive return on equity of 64.24%. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Analysts predict that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from BRP's previous quarterly dividend of $0.16. BRP's dividend payout ratio (DPR) is presently -262.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DOOO shares. TD Securities upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Citigroup boosted their price target on BRP from $51.00 to $68.00 and gave the company a "neutral" rating in a research note on Wednesday. Canaccord Genuity Group upgraded BRP from a "hold" rating to a "buy" rating in a research report on Tuesday. Wall Street Zen raised shares of BRP from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Cibc World Mkts raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $62.75.

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.