18,009 Shares in BRP Inc. (NASDAQ:DOOO) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in BRP Inc. (NASDAQ:DOOO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,009 shares of the company’s stock, valued at approximately $916,000.

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of BRP in the 3rd quarter valued at about $178,000. Addenda Capital Inc. boosted its holdings in shares of BRP by 10.5% in the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock valued at $678,000 after acquiring an additional 1,265 shares during the period. Alberta Investment Management Corp boosted its holdings in shares of BRP by 44.2% in the fourth quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock valued at $2,408,000 after acquiring an additional 14,500 shares during the period. Van ECK Associates Corp grew its position in shares of BRP by 699.9% during the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company’s stock worth $3,875,000 after acquiring an additional 66,627 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of BRP by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,154 shares of the company’s stock valued at $5,047,000 after acquiring an additional 3,351 shares during the period.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup upgraded 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 research note on Friday. Raymond James reissued a “strong-buy” rating on shares of BRP in a report on Thursday, March 27th. TD Securities restated a “hold” rating on shares of BRP in a research report on Thursday, March 27th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $43.00 price objective (down from $48.00) on shares of BRP in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BRP has an average rating of “Hold” and a consensus target price of $61.25.

BRP Stock Performance

Shares of DOOO stock opened at $35.36 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The stock has a 50 day simple moving average of $40.77 and a 200-day simple moving average of $48.67. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 18.81 and a beta of 1.71. BRP Inc. has a 12-month low of $33.05 and a 12-month high of $74.23.

BRP (NASDAQ:DOOO) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, equities analysts forecast that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a $0.1508 dividend. This is a boost from BRP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.71%. BRP’s dividend payout ratio (DPR) is -29.21%.

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.