BRP (NASDAQ:DOOO) Reaches New 12-Month Low - Should You Sell?

Shares of BRP Inc. (NASDAQ:DOOO - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $40.55 and last traded at $40.88, with a volume of 110240 shares trading hands. The stock had previously closed at $41.99.

Analysts Set New Price Targets

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

BRP Stock Down 0.4 %

The firm has a fifty day simple moving average of $48.50 and a 200 day simple moving average of $54.16. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The company has a market cap of $2.99 billion, a PE ratio of 21.78 and a beta of 2.02.

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

BRP Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.1485 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a yield of 1.45%. BRP's dividend payout ratio (DPR) is 30.85%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DOOO. US Bancorp DE boosted its position in shares of BRP by 350.0% in the third quarter. US Bancorp DE now owns 414 shares of the company's stock worth $25,000 after buying an additional 322 shares during the period. Quadrant Capital Group LLC lifted its position in BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock worth $35,000 after acquiring an additional 490 shares in the last quarter. Signaturefd LLC boosted its holdings in BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after acquiring an additional 903 shares during the period. Dnca Finance grew its position in BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company's stock valued at $71,000 after acquiring an additional 369 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of BRP during the fourth quarter valued at approximately $77,000.

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.