TD Asset Management Inc Raises Holdings in BRP Inc. (NASDAQ:DOOO)

TD Asset Management Inc boosted its stake in shares of BRP Inc. (NASDAQ:DOOOFree Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,758 shares of the company’s stock after purchasing an additional 8,977 shares during the quarter. TD Asset Management Inc owned approximately 0.34% of BRP worth $18,607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Trexquant Investment LP acquired a new position in shares of BRP during the 4th quarter worth about $688,000. Clearbridge Investments LLC acquired a new stake in shares of BRP in the 4th quarter valued at about $211,000. Norges Bank acquired a new stake in shares of BRP in the 4th quarter valued at about $30,666,000. Fiera Capital Corp boosted its position in shares of BRP by 6.8% in the 4th quarter. Fiera Capital Corp now owns 110,342 shares of the company’s stock valued at $7,922,000 after purchasing an additional 7,000 shares during the period. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in shares of BRP in the 4th quarter valued at about $215,000.

Analyst Ratings Changes

A number of analysts recently issued reports on DOOO shares. Raymond James decreased their target price on BRP from $114.00 to $108.00 and set a “strong-buy” rating for the company in a research report on Monday, April 1st. Desjardins increased their price objective on BRP from $112.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. CIBC increased their price objective on BRP from $106.00 to $110.00 and gave the stock an “outperformer” rating in a research report on Monday, April 1st. Finally, TheStreet cut BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Two investment 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.78.

Check Out Our Latest Analysis on DOOO

BRP Stock Performance

Shares of DOOO stock opened at $62.50 on Monday. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 11.30 and a beta of 2.08. The stock has a 50 day simple moving average of $68.84 and a 200-day simple moving average of $67.44. BRP Inc. has a 12-month low of $57.15 and a 12-month high of $92.74. The company has a current ratio of 1.41, a quick ratio of 0.55 and a debt-to-equity ratio of 3.32.

BRP (NASDAQ:DOOOGet Free Report) last issued its earnings results on Thursday, March 28th. The company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.12). The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.05 billion. BRP had a return on equity of 120.39% and a net margin of 7.20%. On average, equities analysts forecast that BRP Inc. will post 4.79 EPS for the current year.

BRP Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.152 per share. This represents a $0.61 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, June 28th. BRP’s dividend payout ratio (DPR) is presently 11.03%.

BRP Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BRP (NASDAQ:DOOO)

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