Landscape Capital Management L.L.C. Invests $3.82 Million in BRP Inc. $DOO

Landscape Capital Management L.L.C. purchased a new position in shares of BRP Inc. (NASDAQ:DOO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,971 shares of the company’s stock, valued at approximately $3,819,000.

Several other large investors have also modified their holdings of DOO. Quarry LP purchased a new stake in shares of BRP during the fourth quarter worth approximately $30,000. Signaturefd LLC purchased a new stake in shares of BRP during the fourth quarter worth approximately $43,000. Quadrant Capital Group LLC acquired a new position in BRP during the fourth quarter worth $89,000. PNC Financial Services Group Inc. acquired a new position in BRP during the fourth quarter worth $142,000. Finally, Intact Investment Management Inc. acquired a new position in BRP during the fourth quarter worth $156,000.

BRP Price Performance

Shares of DOO stock opened at $60.28 on Monday. The business’s fifty day simple moving average is $60.22. BRP Inc. has a 1-year low of $46.23 and a 1-year high of $81.89. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 22.75 and a beta of 0.89. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61.

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 1.7%. BRP’s dividend payout ratio is 27.17%.

Wall Street Analysts Forecast Growth

DOO has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Wells Fargo & Company initiated coverage on BRP in a report on Wednesday, March 11th. They set an “overweight” rating on the stock. Zacks Research lowered BRP from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Canaccord Genuity Group lowered BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, UBS Group dropped their price objective on BRP from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $83.00.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three?wheel on?road vehicles.