BRP Inc. (NASDAQ:DOOO) Holdings Trimmed by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,398,765 shares of the company's stock after selling 65,010 shares during the quarter. Price T Rowe Associates Inc. MD owned 3.29% of BRP worth $122,027,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Quadrant Capital Group LLC increased its stake in BRP by 259.3% in the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock valued at $35,000 after buying an additional 490 shares during the period. Signaturefd LLC increased its stake in shares of BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after acquiring an additional 903 shares during the last quarter. Dnca Finance increased its stake in shares of BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after acquiring an additional 369 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in BRP in the fourth quarter valued at about $77,000. Finally, Intact Investment Management Inc. purchased a new position in BRP in the fourth quarter valued at about $148,000.

BRP Stock Down 0.1 %

BRP stock opened at $34.52 on Monday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. BRP Inc. has a fifty-two week low of $31.78 and a fifty-two week high of $74.00. The firm has a fifty day moving average price of $37.12 and a two-hundred day moving average price of $45.59. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 18.36 and a beta of 1.71.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. As a group, analysts forecast 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 was paid on Friday, April 18th. Investors of record on Friday, April 4th were given a dividend of $0.1508 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. This is a positive change from BRP's previous quarterly dividend of $0.15. BRP's payout ratio is -29.21%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DOOO shares. Robert W. Baird restated 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. Baird R W lowered shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $27.00 to $37.00 in a research note on Friday, April 4th. Raymond James reissued a "strong-buy" rating on shares of BRP in a research report on Thursday, March 27th. Finally, TD Securities reaffirmed a "hold" rating on shares of BRP in a research report on Thursday, March 27th. Ten research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $53.75.

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.

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