Vanguard Group Inc. Grows Position in BRP Inc. (NASDAQ:DOOO)

Vanguard Group Inc. lifted its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,282,737 shares of the company's stock after acquiring an additional 18,859 shares during the quarter. Vanguard Group Inc. owned approximately 1.67% of BRP worth $97,308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Group One Trading L.P. bought a new stake in shares of BRP in the 1st quarter valued at $52,000. State of Wyoming increased its holdings in BRP by 126.5% in the fourth quarter. State of Wyoming now owns 845 shares of the company's stock worth $65,000 after purchasing an additional 472 shares in the last quarter. Power Corp of Canada acquired a new position in BRP in the first quarter valued at approximately $69,000. Barclays PLC boosted its holdings in shares of BRP by 232.5% during the 3rd quarter. Barclays PLC now owns 971 shares of the company's stock worth $73,000 after buying an additional 679 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of BRP during the 3rd quarter worth approximately $93,000.

BRP Stock Up 1.3 %

Shares of DOOO stock traded up $0.94 during trading hours on Friday, reaching $72.71. The company had a trading volume of 244,195 shares, compared to its average volume of 144,236. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 10.22 and a beta of 2.12. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.41 and a quick ratio of 0.41. BRP Inc. has a 12 month low of $57.15 and a 12 month high of $92.74. The business has a fifty day simple moving average of $65.64 and a 200-day simple moving average of $68.65.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be paid a dividend of $0.1545 per share. This represents a $0.62 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, April 5th. BRP's dividend payout ratio (DPR) is presently 7.55%.

Wall Street Analysts Forecast Growth

DOOO has been the topic of several research analyst reports. CIBC increased their target price on shares of BRP from $106.00 to $110.00 and gave the stock an "outperformer" rating in a research note on Monday. Raymond James decreased their target price on BRP from $114.00 to $108.00 and set a "strong-buy" rating for the company in a research report on Monday. TheStreet lowered BRP from a "b-" rating to a "c+" rating in a report on Monday, February 26th. Finally, Desjardins raised their price objective on BRP from $112.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, BRP has an average rating of "Moderate Buy" and an average price target of $125.78.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.