Russell Investments Group Ltd. decreased its holdings in BRP Inc. (NASDAQ:DOOO - Free Report) by 92.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,179 shares of the company's stock after selling 27,722 shares during the period. Russell Investments Group Ltd.'s holdings in BRP were worth $111,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its stake in shares of BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after purchasing an additional 903 shares during the period. Quantbot Technologies LP grew its stake in BRP by 26.6% in the fourth quarter. Quantbot Technologies LP now owns 4,844 shares of the company's stock worth $246,000 after purchasing an additional 1,017 shares in the last quarter. Addenda Capital Inc. increased its holdings in BRP by 10.5% during the 4th quarter. Addenda Capital Inc. now owns 13,331 shares of the company's stock worth $678,000 after purchasing an additional 1,265 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in shares of BRP in the fourth quarter valued at about $77,000. Finally, Intact Investment Management Inc. acquired a new position in shares of BRP during the fourth quarter worth $148,000.
Wall Street Analyst Weigh In
DOOO has been the subject of several analyst reports. Robert W. Baird reissued a "neutral" rating and issued a $43.00 price objective (down previously from $48.00) on shares of BRP in a report on Friday, April 4th. TD Securities reaffirmed a "hold" rating on shares of BRP in a research note on Thursday, March 27th. Raymond James reiterated a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. Citigroup raised BRP from a "sell" rating to a "neutral" rating and upped their target price for the company from $27.00 to $37.00 in a report on Friday, April 4th. Finally, UBS Group decreased their price target on shares of BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, BRP currently has an average rating of "Hold" and a consensus target price of $53.75.
Check Out Our Latest Stock Report on BRP
BRP Stock Performance
DOOO traded up $0.18 during trading on Thursday, hitting $34.07. The stock had a trading volume of 43,935 shares, compared to its average volume of 155,481. The firm has a market capitalization of $2.49 billion, a P/E ratio of 18.11 and a beta of 1.71. The company's 50-day moving average price is $36.62 and its 200 day moving average price is $45.26. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP Inc. has a twelve month low of $31.78 and a twelve month high of $74.00.
BRP (NASDAQ:DOOO - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, equities research analysts forecast that BRP Inc. will post 3.15 EPS for the current fiscal year.
BRP Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were paid a $0.1508 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.77%. This is a boost from BRP's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, April 4th. BRP's dividend payout ratio (DPR) is presently -29.21%.
About BRP
(
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.
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