BRP (NASDAQ:DOOO) Reaches New 12-Month Low - Time to Sell?

BRP Inc. (NASDAQ:DOOO - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $31.94 and last traded at $32.43, with a volume of 6483 shares. The stock had previously closed at $32.44.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DOOO. Robert W. Baird restated a "neutral" rating and set a $43.00 price target (down from $48.00) on shares of BRP in a research report on Friday, April 4th. Baird R W downgraded BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Raymond James reissued a "strong-buy" rating on shares of BRP in a research report on Thursday, March 27th. TD Securities reaffirmed a "hold" rating on shares of BRP in a research note on Thursday, March 27th. Finally, Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and raised their price target for the company from $27.00 to $37.00 in a research report on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BRP has a consensus rating of "Hold" and an average price target of $61.25.

BRP Stock Performance

The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 17.01 and a beta of 1.71. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The stock has a 50 day simple moving average of $38.04 and a two-hundred day simple moving average of $46.47.

BRP (NASDAQ:DOOO - Get Free Report) last issued its earnings results 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. BRP had a return on equity of 61.20% and a net margin of 2.29%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. As a group, analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were given a dividend of $0.1508 per share. This is a positive change from BRP's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.60 annualized dividend and a yield of 1.89%. BRP's payout ratio is -29.21%.

Hedge Funds Weigh In On BRP

A number of hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC raised its holdings in shares of BRP by 259.3% in the fourth 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 last quarter. Signaturefd LLC lifted its position in BRP by 296.1% during 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 increased its holdings in shares of 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 purchasing an additional 369 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of BRP during the fourth quarter worth approximately $77,000. Finally, Intact Investment Management Inc. purchased a new position in BRP in the 4th quarter valued at $148,000.

BRP Company Profile

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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