BRP Inc. (NASDAQ:DOOO) Shares Purchased by FIL Ltd

FIL Ltd grew its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 176.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 792,000 shares of the company’s stock after purchasing an additional 505,228 shares during the period. FIL Ltd owned approximately 1.08% of BRP worth $40,337,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DOOO. Quadrant Capital Group LLC grew its holdings in BRP by 259.3% during the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock worth $35,000 after acquiring an additional 490 shares during the period. Signaturefd LLC boosted its position in shares of BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after purchasing an additional 903 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of BRP during the 4th quarter worth $77,000. Intact Investment Management Inc. purchased a new position in shares of BRP in the 4th quarter valued at about $148,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of BRP in the third quarter valued at about $178,000.

Analysts Set New Price Targets

DOOO has been the topic of a number of research analyst reports. Raymond James restated a “strong-buy” rating on shares of BRP in a research report on Thursday, March 27th. TD Securities restated a “hold” rating on shares of BRP in a report on Thursday, March 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $43.00 price objective (down from $48.00) on shares of BRP in a report on Friday, April 4th. Citigroup raised BRP from a “sell” rating to a “neutral” rating and upped their target price for the company from $27.00 to $37.00 in a report on Friday, April 4th. Finally, Baird R W downgraded BRP from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.25.

BRP Stock Down 3.3 %

Shares of NASDAQ:DOOO opened at $36.08 on Friday. The company has a market capitalization of $2.63 billion, a P/E ratio of 19.19 and a beta of 1.71. The stock’s fifty day simple moving average is $39.13 and its 200-day simple moving average is $47.60. BRP Inc. has a 52-week low of $32.24 and a 52-week high of $74.00. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19.

BRP (NASDAQ:DOOO) last released its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The company had revenue of $1.44 billion for 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%. As a group, equities research analysts forecast that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from BRP’s previous quarterly dividend of $0.15. BRP’s dividend payout ratio is currently -29.21%.

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.