Landscape Capital Management L.L.C. Has $2.72 Million Stake in BRP Inc. (NASDAQ:DOOO)

Landscape Capital Management L.L.C. increased its position in BRP Inc. (NASDAQ:DOOO - Free Report) by 227.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,492 shares of the company's stock after buying an additional 37,143 shares during the period. Landscape Capital Management L.L.C. owned 0.07% of BRP worth $2,721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in shares of BRP by 14.0% during the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock worth $7,270,000 after purchasing an additional 16,379 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in BRP by 44.2% in the fourth quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock worth $2,408,000 after purchasing an additional 14,500 shares in the last quarter. Van ECK Associates Corp increased its position in BRP by 699.9% during the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company's stock worth $3,875,000 after buying an additional 66,627 shares during the last quarter. Geode Capital Management LLC raised its holdings in BRP by 8.3% during the third quarter. Geode Capital Management LLC now owns 208,186 shares of the company's stock valued at $12,978,000 after buying an additional 15,892 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of BRP by 50.1% in the fourth quarter. Sei Investments Co. now owns 144,862 shares of the company's stock worth $7,369,000 after buying an additional 48,330 shares during the last quarter.

BRP Stock Performance

Shares of NASDAQ:DOOO traded up $0.63 during trading on Wednesday, hitting $33.81. 82,249 shares of the stock were exchanged, compared to its average volume of 148,966. The company's fifty day simple moving average is $39.76 and its 200-day simple moving average is $48.01. 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 capitalization of $2.47 billion, a price-to-earnings ratio of 18.00 and a beta of 1.71. BRP Inc. has a 1-year low of $32.24 and a 1-year high of $74.00.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. Sell-side analysts expect that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.1508 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from BRP's previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.78%. BRP's dividend payout ratio (DPR) is presently -29.21%.

Analyst Upgrades and Downgrades

DOOO has been the subject of a number of analyst reports. Baird R W cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Citigroup raised 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. Raymond James reiterated a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. TD Securities restated a "hold" rating on shares of BRP in a research note on Thursday, March 27th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $43.00 price target (down from $48.00) on shares of BRP 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $61.25.

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.