BRP Inc. (NASDAQ:DOOO) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in BRP Inc. (NASDAQ:DOOO) by 38.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,938 shares of the company’s stock after selling 3,677 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BRP were worth $427,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DOOO. Royal Bank of Canada lifted its holdings in shares of BRP by 34.0% in the 3rd quarter. Royal Bank of Canada now owns 589,213 shares of the company’s stock valued at $44,697,000 after buying an additional 149,529 shares during the period. Westfield Capital Management Co. LP lifted its holdings in shares of BRP by 10.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,094,083 shares of the company’s stock valued at $82,997,000 after buying an additional 107,383 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of BRP by 27.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 468,000 shares of the company’s stock valued at $35,588,000 after buying an additional 100,000 shares during the period. UBS Group AG lifted its holdings in shares of BRP by 3,269.0% in the 3rd quarter. UBS Group AG now owns 50,502 shares of the company’s stock valued at $3,831,000 after buying an additional 49,003 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of BRP by 21.2% in the 3rd quarter. TD Asset Management Inc now owns 249,781 shares of the company’s stock valued at $18,994,000 after buying an additional 43,663 shares during the period.

BRP Stock Performance

BRP stock opened at $68.90 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.55 and a current ratio of 1.41. The stock has a fifty day moving average of $67.14 and a two-hundred day moving average of $67.85. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 9.81 and a beta of 2.09. BRP Inc. has a fifty-two week low of $57.15 and a fifty-two week high of $92.74.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Thursday, March 28th. The company reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.12). BRP had a return on equity of 120.39% and a net margin of 7.20%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.05 billion. On average, analysts anticipate that BRP Inc. will post 5.7 EPS for the current fiscal year.

BRP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were issued a dividend of $0.1545 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, April 5th. BRP’s dividend payout ratio (DPR) is 8.83%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DOOO shares. TheStreet downgraded BRP from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Raymond James dropped their price objective on BRP from $114.00 to $108.00 and set a “strong-buy” rating for the company in a research note on Monday, April 1st. CIBC raised their price objective on BRP from $106.00 to $110.00 and gave the company an “outperformer” rating in a research note on Monday, April 1st. Finally, Desjardins raised their price objective on BRP from $112.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.78.

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.