BRP (NASDAQ:DOOO) Stock Price Down 4.7% – Should You Sell?

BRP Inc. (NASDAQ:DOOO) shares were down 4.7% during mid-day trading on Tuesday . The stock traded as low as $49.30 and last traded at $50.31. Approximately 34,737 shares changed hands during trading, a decline of 67% from the average daily volume of 104,270 shares. The stock had previously closed at $52.79.

BRP Trading Up 0.4 %

The company has a market cap of $3.61 billion, a price-to-earnings ratio of 26.30 and a beta of 2.02. 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 50 day moving average price is $51.05 and its 200-day moving average price is $57.70.

BRP (NASDAQ:DOOO) last released its earnings results on Friday, December 6th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.35. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, research analysts forecast that BRP Inc. will post 3.16 EPS for the current year.

BRP Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.1485 dividend. This represents a $0.59 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Tuesday, December 31st. BRP’s payout ratio is 30.85%.

Institutional Investors Weigh In On BRP

Large investors have recently added to or reduced their stakes in the business. US Bancorp DE lifted its position in shares of BRP by 350.0% during the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after acquiring an additional 322 shares during the period. Quantbot Technologies LP grew its position in shares of BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock valued at $228,000 after buying an additional 337 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in shares of BRP in the 3rd quarter worth approximately $72,000. Addenda Capital Inc. raised its position in shares of BRP by 10.5% in the 4th quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock worth $678,000 after acquiring an additional 1,265 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in BRP by 18.6% in the third quarter. Van ECK Associates Corp now owns 9,520 shares of the company’s stock valued at $567,000 after buying an additional 1,490 shares during the period.

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.