TD Waterhouse Canada Inc. Sells 14,423 Shares of BRP Inc. (NASDAQ:DOOO)

TD Waterhouse Canada Inc. reduced its holdings in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,309 shares of the company's stock after selling 14,423 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.08% of BRP worth $2,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOOO. Geode Capital Management LLC boosted its position 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 purchasing an additional 15,892 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of BRP by 41.5% in the 3rd quarter. Franklin Resources Inc. now owns 731,268 shares of the company's stock valued at $43,461,000 after buying an additional 214,626 shares during the last quarter. Addenda Capital Inc. grew its stake in shares of BRP by 10.5% in the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company's stock valued at $678,000 after buying an additional 1,265 shares in the last quarter. Van ECK Associates Corp increased its holdings 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. Finally, CIBC Asset Management Inc raised its position in BRP by 14.0% during the fourth quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock worth $7,270,000 after acquiring an additional 16,379 shares in the last quarter.

BRP Stock Performance

NASDAQ:DOOO traded down $0.04 during mid-day trading on Friday, reaching $34.52. 125,366 shares of the company's stock were exchanged, compared to its average volume of 155,415. BRP Inc. has a one year low of $31.78 and a one year high of $74.00. 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 business's fifty day simple moving average is $37.12 and its two-hundred day simple moving average is $45.67. The firm has a market capitalization of $2.52 billion, a PE ratio of 18.36 and a beta of 1.71.

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

BRP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were paid a $0.1508 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, April 4th. This is an increase from BRP's previous quarterly dividend of $0.15. BRP's payout ratio is -29.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DOOO shares. UBS Group dropped their target price on shares of BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday. Citigroup raised BRP from a "sell" rating to a "neutral" rating and raised their price objective for the company from $27.00 to $37.00 in a research report on Friday, April 4th. Raymond James reissued a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. TD Securities reaffirmed a "hold" rating on shares of BRP in a report on Thursday, March 27th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $43.00 price objective (down from $48.00) on shares of BRP in a report on Friday, April 4th. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, BRP presently has an average rating of "Hold" and an average price target 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.