BRP Inc. $DOOO Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its holdings in BRP Inc. (NASDAQ:DOOO) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 304,651 shares of the company’s stock after selling 14,912 shares during the period. Royal Bank of Canada’s holdings in BRP were worth $10,300,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of BRP by 10.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company’s stock worth $3,685,000 after acquiring an additional 10,004 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in BRP by 31.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 64,941 shares of the company’s stock valued at $2,193,000 after acquiring an additional 15,447 shares in the last quarter. Fiera Capital Corp grew its position in BRP by 5.5% in the first quarter. Fiera Capital Corp now owns 135,330 shares of the company’s stock valued at $4,574,000 after acquiring an additional 7,082 shares in the last quarter. Turtle Creek Asset Management Inc. grew its position in BRP by 29.0% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock valued at $151,118,000 after acquiring an additional 668,607 shares in the last quarter. Finally, National Bank of Canada FI grew its position in BRP by 20.0% in the first quarter. National Bank of Canada FI now owns 495,657 shares of the company’s stock valued at $16,731,000 after acquiring an additional 82,723 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DOOO. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BRP in a report on Tuesday, September 2nd. Cibc World Mkts raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Wall Street Zen raised shares of BRP from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 30th. Canaccord Genuity Group raised shares of BRP from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Finally, Stifel Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 29th. Four analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

BRP Price Performance

Shares of DOOO stock opened at $65.13 on Friday. The firm has a market cap of $4.76 billion, a P/E ratio of -271.38 and a beta of 1.19. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55. BRP Inc. has a 1-year low of $31.78 and a 1-year high of $68.42. The firm has a fifty day moving average of $55.03 and a two-hundred day moving average of $44.82.

BRP (NASDAQ:DOOO) last announced its quarterly earnings data on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.34. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.77 billion. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. As a group, research analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.86 annualized dividend and a yield of 1.3%. This is an increase from BRP’s previous quarterly dividend of $0.16. BRP’s dividend payout ratio (DPR) is -262.50%.

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.