BRP Inc. $DOOO Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its holdings in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 86.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,191 shares of the company's stock after selling 7,878 shares during the period. Deutsche Bank AG's holdings in BRP were worth $40,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board grew its holdings in shares of BRP by 31.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 64,941 shares of the company's stock worth $2,193,000 after buying an additional 15,447 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of BRP by 10.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company's stock worth $3,685,000 after buying an additional 10,004 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of BRP by 5.5% during the first 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. Mackenzie Financial Corp raised its position in BRP by 15.0% during the 1st quarter. Mackenzie Financial Corp now owns 1,884,728 shares of the company's stock worth $63,636,000 after buying an additional 245,463 shares during the last quarter. Finally, Addenda Capital Inc. raised its position in BRP by 10.3% during the 1st quarter. Addenda Capital Inc. now owns 14,699 shares of the company's stock worth $497,000 after buying an additional 1,368 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have commented on DOOO shares. UBS Group upped their price objective on shares of BRP from $35.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday. Wall Street Zen upgraded shares of BRP from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Zacks Research upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Desjardins upgraded shares of BRP from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Stifel Canada raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.50.

BRP Trading Up 0.1%

Shares of BRP stock traded up $0.08 during mid-day trading on Friday, hitting $65.50. 290,783 shares of the stock were exchanged, compared to its average volume of 351,348. BRP Inc. has a twelve month low of $31.78 and a twelve month high of $67.33. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of -272.92 and a beta of 1.19. The company has a 50-day simple moving average of $53.84 and a 200 day simple moving average of $44.16. The company has a current ratio of 1.34, a quick ratio of 0.58 and a debt-to-equity ratio of 5.54.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.34. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The company 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. Research analysts forecast that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from BRP's previous quarterly dividend of $0.16. BRP's payout ratio is currently -262.50%.

BRP 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.