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

BRP Inc. (NASDAQ:DOOO)’s share price reached a new 52-week low on Friday . The stock traded as low as $35.37 and last traded at $35.46, with a volume of 285833 shares trading hands. The stock had previously closed at $38.23.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “sell” rating and set a $27.00 price objective (down from $29.00) on shares of BRP in a report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, BRP currently has a consensus rating of “Hold” and an average target price of $87.40.

BRP Trading Down 4.1 %

The company has a market capitalization of $2.48 billion, a PE ratio of 18.09 and a beta of 2.03. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The company’s fifty day moving average is $42.54 and its 200-day moving average is $49.50.

BRP (NASDAQ:DOOO) last announced its quarterly 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, analysts anticipate that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a $0.1508 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from BRP’s previous quarterly dividend of $0.15. BRP’s payout ratio is presently -29.21%.

Institutional Investors Weigh In On BRP

A number of hedge funds and other institutional investors have recently bought and sold shares of DOOO. Quadrant Capital Group LLC increased its position in shares of 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 purchasing an additional 490 shares in the last quarter. Signaturefd LLC grew its stake in BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after buying an additional 903 shares during the last quarter. Dnca Finance grew its stake in BRP by 36.1% during the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock worth $71,000 after buying an additional 369 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in BRP during the 4th quarter valued at about $77,000. Finally, Intact Investment Management Inc. purchased a new stake in BRP in the fourth quarter valued at about $148,000.

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.