BRP (NASDAQ:DOOO) Sets New 52-Week Low – Should You Sell?

Shares of BRP Inc. (NASDAQ:DOOO) reached a new 52-week low during trading on Thursday . The stock traded as low as $49.00 and last traded at $49.01, with a volume of 67281 shares traded. The stock had previously closed at $50.31.

Wall Street Analysts Forecast Growth

DOOO has been the subject of several recent analyst reports. Desjardins cut shares of BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Citigroup decreased their price target on BRP from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, National Bank Financial downgraded BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 21st. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, BRP has a consensus rating of “Hold” and a consensus target price of $97.00.

BRP Trading Up 0.9 %

The firm has a market cap of $3.61 billion, a PE ratio of 20.50 and a beta of 2.07. The business has a 50-day moving average price of $57.75 and a two-hundred day moving average price of $63.82. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Friday, September 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. Analysts forecast that BRP Inc. will post 2.3 EPS for the current year.

BRP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.152 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio is presently 25.73%.

Institutional Trading of BRP

A number of hedge funds have recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd boosted its stake in BRP by 66.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. US Bancorp DE boosted its stake in BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after buying an additional 322 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in BRP by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,666 shares of the company’s stock worth $1,964,000 after buying an additional 520 shares during the last quarter. Dnca Finance acquired a new stake in BRP in the 2nd quarter worth about $66,000. Finally, Addenda Capital Inc. lifted its stake in shares of BRP by 9.9% in the 2nd quarter. Addenda Capital Inc. now owns 11,636 shares of the company’s stock valued at $745,000 after purchasing an additional 1,053 shares in the last quarter.

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.