Vanguard Group Inc. lifted its position in BRP Inc. (NASDAQ:DOOO - Free Report) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,224,330 shares of the company's stock after acquiring an additional 19,874 shares during the period. Vanguard Group Inc. owned approximately 1.68% of BRP worth $62,355,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of BRP in the 3rd quarter valued at $178,000. Geode Capital Management LLC raised its position in shares of BRP by 8.3% during the third quarter. Geode Capital Management LLC now owns 208,186 shares of the company's stock worth $12,978,000 after purchasing an additional 15,892 shares during the period. Franklin Resources Inc. lifted its holdings in shares of BRP by 41.5% during the 3rd quarter. Franklin Resources Inc. now owns 731,268 shares of the company's stock valued at $43,461,000 after purchasing an additional 214,626 shares in the last quarter. Addenda Capital Inc. increased its stake in BRP by 10.5% during the 4th quarter. Addenda Capital Inc. now owns 13,331 shares of the company's stock worth $678,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in BRP by 699.9% in the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company's stock valued at $3,875,000 after buying an additional 66,627 shares in the last quarter.
BRP Price Performance
NASDAQ DOOO traded down $0.08 during midday trading on Thursday, hitting $33.12. The company had a trading volume of 19,265 shares, compared to its average volume of 220,173. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. BRP Inc. has a twelve month low of $32.24 and a twelve month high of $74.00. The company has a market capitalization of $2.42 billion, a PE ratio of 17.61 and a beta of 1.71. The firm has a 50-day moving average price of $38.42 and a 200-day moving average price of $47.00.
BRP (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. As a group, analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current fiscal year.
BRP Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.1508 per share. The ex-dividend date is Friday, April 4th. This is a boost from BRP's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a yield of 1.82%. BRP's dividend payout ratio is presently -29.21%.
Analyst Ratings Changes
A number of equities research analysts recently commented on DOOO shares. Raymond James restated 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 research note on Thursday, March 27th. Baird R W downgraded BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and upped their price target for the stock from $27.00 to $37.00 in a research report on Friday, April 4th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $43.00 price objective (down from $48.00) on shares of BRP in a research report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $61.25.
Check Out Our Latest Research Report on BRP
BRP Profile
(
Free Report)
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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