BRP (NASDAQ:DOOO) Sets New 12-Month Low – Here’s What Happened

BRP Inc. (NASDAQ:DOOO) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $40.13 and last traded at $40.40, with a volume of 97514 shares traded. The stock had previously closed at $40.94.

Wall Street Analyst Weigh In

Separately, Citigroup lowered BRP from a “buy” rating to a “neutral” rating in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, BRP presently has a consensus rating of “Hold” and a consensus target price of $97.00.

BRP Stock Down 1.3 %

The firm’s 50 day simple moving average is $48.31 and its 200 day simple moving average is $54.06. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 21.49 and a beta of 2.02. 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 announced its earnings results on Friday, December 6th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%. Sell-side analysts anticipate that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.1485 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.59 annualized dividend and a yield of 1.47%. BRP’s payout ratio is 30.85%.

Institutional Trading of BRP

Institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc lifted its position in BRP by 14.0% in the fourth 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 period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in BRP by 17.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 405,978 shares of the company’s stock valued at $24,159,000 after buying an additional 61,502 shares in the last quarter. Alberta Investment Management Corp grew its holdings in BRP by 44.2% during the fourth quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock worth $2,408,000 after acquiring an additional 14,500 shares during the period. Van ECK Associates Corp raised its position in BRP by 699.9% in the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company’s stock worth $3,875,000 after acquiring an additional 66,627 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in BRP by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 208,186 shares of the company’s stock valued at $12,978,000 after acquiring an additional 15,892 shares during the last quarter.

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.