Dnca Finance Acquires 369 Shares of BRP Inc. (NASDAQ:DOOO)

Dnca Finance lifted its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 36.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,390 shares of the company’s stock after buying an additional 369 shares during the quarter. Dnca Finance’s holdings in BRP were worth $71,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DOOO. Quadrant Capital Group LLC boosted its stake in BRP by 259.3% in the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock worth $35,000 after purchasing an additional 490 shares during the period. Signaturefd LLC raised its position in shares of BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after buying an additional 903 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in BRP during the fourth quarter valued at $77,000. Intact Investment Management Inc. bought a new position in BRP in the 4th quarter worth about $148,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of BRP in the third quarter worth approximately $178,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DOOO shares. Citigroup raised shares of BRP from a “sell” rating to a “neutral” rating and increased their price target for the stock from $27.00 to $37.00 in a report on Friday, April 4th. Baird R W lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Raymond James restated a “strong-buy” rating on shares of BRP in a research report on Thursday, March 27th. TD Securities reaffirmed a “hold” rating on shares of BRP in a research note on Thursday, March 27th. Finally, Robert W. Baird restated a “neutral” rating and set a $43.00 price target (down from $48.00) on shares of BRP in a research report on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $61.25.

BRP Price Performance

Shares of DOOO stock opened at $32.44 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 17.26 and a beta of 1.71. The business’s fifty day moving average is $38.04 and its 200 day moving average is $46.63. BRP Inc. has a twelve month low of $32.24 and a twelve month high of $74.00.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. BRP had a net margin of 2.29% and a return on equity of 61.20%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. Research analysts expect that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were given a dividend of $0.1508 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.86%. This is an increase from BRP’s previous quarterly dividend of $0.15. BRP’s dividend payout ratio (DPR) is -29.21%.

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.