Legal & General Group Plc reduced its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 84.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,563 shares of the company's stock after selling 186,917 shares during the period. Legal & General Group Plc's holdings in BRP were worth $1,759,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of DOOO. CIBC Asset Management Inc boosted its stake in BRP by 14.0% in the 4th 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. increased its position in BRP by 18.1% in the fourth quarter. Invesco Ltd. now owns 1,163,257 shares of the company's stock worth $59,175,000 after buying an additional 178,039 shares in the last quarter. Alberta Investment Management Corp raised its stake in BRP by 44.2% during the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock worth $2,408,000 after acquiring an additional 14,500 shares during the period. Van ECK Associates Corp lifted its stake in shares of BRP by 699.9% during the 4th quarter. Van ECK Associates Corp now owns 76,147 shares of the company's stock valued at $3,875,000 after buying an additional 66,627 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of BRP by 8.3% during the third quarter. Geode Capital Management LLC now owns 208,186 shares of the company's stock worth $12,978,000 after purchasing an additional 15,892 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on DOOO shares. UBS Group reduced their target price on shares of BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Raymond James restated a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. TD Securities restated a "hold" rating on shares of BRP in a report on Thursday, March 27th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and raised their target price for the stock from $27.00 to $37.00 in a research note on Friday, April 4th. Finally, Robert W. Baird restated a "neutral" rating and set a $43.00 price objective (down from $48.00) on shares of BRP in a research note on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $53.75.
Read Our Latest Report on DOOO
BRP Price Performance
Shares of NASDAQ:DOOO traded up $0.18 on Thursday, hitting $34.07. The company had a trading volume of 43,935 shares, compared to its average volume of 155,481. The company has a market cap of $2.49 billion, a PE ratio of 18.11 and a beta of 1.71. BRP Inc. has a 52-week low of $31.78 and a 52-week high of $74.00. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The business has a 50 day moving average of $36.62 and a 200 day moving average of $45.26.
BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. As a group, equities analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current fiscal 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. This is an increase from BRP's previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, April 4th. BRP's dividend payout ratio (DPR) is presently -29.21%.
BRP Profile
(
Free Report)
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.
Read More
Before you consider BRP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BRP wasn't on the list.
While BRP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
