BRP (NASDAQ:DOOO) Hits New 1-Year Low - Time to Sell?

BRP Inc. (NASDAQ:DOOO - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as $40.82 and last traded at $40.81, with a volume of 1499 shares trading hands. The stock had previously closed at $41.49.

Analyst Ratings Changes

Separately, Citigroup lowered BRP from a "buy" rating to a "neutral" rating in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $97.00.

BRP Trading Up 1.1 %

The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 22.97 and a beta of 2.02. 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 company has a fifty day moving average price of $49.87 and a 200-day moving average price of $55.54.

BRP (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings results on Friday, December 6th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, equities research analysts predict that BRP Inc. will post 3.15 EPS for the current year.

BRP Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.1485 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Tuesday, December 31st. BRP's payout ratio is 30.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its stake in shares of BRP by 1.4% in the 4th quarter. Jane Street Group LLC now owns 65,470 shares of the company's stock valued at $3,333,000 after acquiring an additional 933 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of BRP by 23.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company's stock valued at $77,223,000 after acquiring an additional 288,004 shares in the last quarter. Capital World Investors increased its position in BRP by 101.2% in the 4th quarter. Capital World Investors now owns 1,971,033 shares of the company's stock worth $100,386,000 after buying an additional 991,392 shares during the period. Dimensional Fund Advisors LP increased its position in BRP by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 171,554 shares of the company's stock worth $8,727,000 after buying an additional 24,171 shares during the period. Finally, Dnca Finance increased its position in BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after buying an additional 369 shares during the period.

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.