Aristides Capital LLC Purchases Shares of 3,760 BRP Inc. (NASDAQ:DOOO)

Aristides Capital LLC bought a new stake in BRP Inc. (NASDAQ:DOOO) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,760 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOOO. The Manufacturers Life Insurance Company grew its stake in shares of BRP by 61.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,076,187 shares of the company’s stock worth $68,850,000 after acquiring an additional 408,692 shares in the last quarter. Dimension Capital Management LLC lifted its position in BRP by 73.6% during the 2nd quarter. Dimension Capital Management LLC now owns 11,098 shares of the company’s stock worth $711,000 after buying an additional 4,706 shares in the last quarter. Sei Investments Co. boosted its stake in shares of BRP by 31.3% during the 2nd quarter. Sei Investments Co. now owns 105,163 shares of the company’s stock worth $6,734,000 after buying an additional 25,041 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of BRP in the 2nd quarter valued at about $209,000. Finally, Dimensional Fund Advisors LP increased its position in shares of BRP by 177.1% in the second quarter. Dimensional Fund Advisors LP now owns 87,785 shares of the company’s stock valued at $5,621,000 after acquiring an additional 56,110 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Stifel Nicolaus cut BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Cibc World Mkts cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. UBS Group reduced their price objective on BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Finally, Scotiabank lowered BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $97.00.

BRP Stock Performance

NASDAQ DOOO opened at $59.54 on Tuesday. BRP Inc. has a 1 year low of $57.15 and a 1 year high of $79.40. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 10.77 and a beta of 2.07. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99. The firm’s 50 day simple moving average is $66.30 and its 200 day simple moving average is $66.56.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.23. BRP had a return on equity of 79.58% and a net margin of 2.78%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. As a group, research analysts expect that BRP Inc. will post 2.21 earnings per share for the current fiscal year.

BRP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.152 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.02%. BRP’s dividend payout ratio (DPR) is currently 11.21%.

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.