BRP (NASDAQ:DOOO) Shares Down 5.5% – What’s Next?

BRP Inc. (NASDAQ:DOOO) was down 5.5% during mid-day trading on Thursday . The company traded as low as $36.39 and last traded at $36.13. Approximately 31,865 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 144,199 shares. The stock had previously closed at $38.23.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “sell” rating and set a $27.00 price target (down previously from $29.00) on shares of BRP in a research note 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.40.

BRP Stock Down 4.1 %

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 firm’s 50 day moving average price is $42.54 and its two-hundred day moving average price is $49.56. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 18.09 and a beta of 2.03.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.97 billion. As a group, sell-side analysts forecast that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a $0.1508 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.77%. This is a positive change from BRP’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, April 4th. BRP’s dividend payout ratio (DPR) is 30.85%.

Hedge Funds Weigh In On BRP

Large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of BRP by 0.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company’s stock valued at $1,823,000 after acquiring an additional 293 shares in the last quarter. Quantbot Technologies LP boosted its holdings in BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock valued at $228,000 after purchasing an additional 337 shares in the last quarter. Dnca Finance boosted its holdings in BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after purchasing an additional 369 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock worth $35,000 after buying an additional 490 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock valued at $61,000 after buying an additional 903 shares during the period.

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.