BRP Inc. (NASDAQ:DOOO) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in BRP Inc. (NASDAQ:DOOO) by 177.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,785 shares of the company’s stock after buying an additional 56,110 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of BRP worth $5,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. acquired a new position in BRP in the 1st quarter valued at about $5,376,000. Shell Asset Management Co. boosted its position in BRP by 160.2% in the 1st quarter. Shell Asset Management Co. now owns 17,795 shares of the company’s stock valued at $1,196,000 after buying an additional 10,957 shares during the period. 1832 Asset Management L.P. grew its stake in shares of BRP by 23.9% in the first quarter. 1832 Asset Management L.P. now owns 122,549 shares of the company’s stock worth $8,223,000 after acquiring an additional 23,678 shares in the last quarter. National Bank of Canada FI increased its position in shares of BRP by 17.6% during the first quarter. National Bank of Canada FI now owns 422,358 shares of the company’s stock worth $29,664,000 after acquiring an additional 63,060 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of BRP by 35.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 711,049 shares of the company’s stock valued at $50,975,000 after acquiring an additional 184,313 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DOOO. Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. National Bank Financial cut shares of BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 21st. Citigroup decreased their price target on shares of BRP from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Stifel Nicolaus downgraded shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, BRP presently has an average rating of “Hold” and a consensus price target of $97.00.

BRP Stock Down 1.4 %

Shares of NASDAQ DOOO opened at $58.53 on Wednesday. The stock has a market cap of $4.34 billion, a PE ratio of 10.58 and a beta of 2.06. BRP Inc. has a 52-week low of $57.15 and a 52-week high of $79.40. The business has a 50-day moving average price of $64.98 and a 200 day moving average price of $66.41. The company has a quick ratio of 0.37, a current ratio of 1.32 and a debt-to-equity ratio of 4.99.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.23. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. Equities research analysts forecast that BRP Inc. will post 2.21 earnings per share for the current year.

BRP Dividend Announcement

The firm 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 1.04%. BRP’s payout ratio is 11.21%.

BRP 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.