BRP Inc. (NASDAQ:DOOO) Shares Purchased by De Lisle Partners LLP

De Lisle Partners LLP grew its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,605 shares of the company’s stock after purchasing an additional 2,697 shares during the period. De Lisle Partners LLP’s holdings in BRP were worth $1,643,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. US Bancorp DE boosted its holdings in BRP by 350.0% during the third quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after buying an additional 322 shares in the last quarter. Dnca Finance acquired a new stake in shares of BRP in the 2nd quarter worth approximately $66,000. Spartan Fund Management Inc. acquired a new position in BRP during the third quarter worth $72,000. DRW Securities LLC acquired a new stake in BRP in the third quarter valued at $161,000. Finally, Lake Street Advisors Group LLC purchased a new position in shares of BRP in the second quarter valued at $201,000.

Wall Street Analysts Forecast Growth

DOOO has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Desjardins cut BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, National Bank Financial cut shares of 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, BRP presently has an average rating of “Hold” and a consensus target price of $97.00.

BRP Price Performance

BRP stock opened at $48.38 on Thursday. The firm has a fifty day moving average of $54.08 and a 200-day moving average of $62.01. The company has a quick ratio of 0.37, a current ratio of 1.32 and a debt-to-equity ratio of 4.99. BRP Inc. has a 52-week low of $46.85 and a 52-week high of $75.59. The firm has a market capitalization of $3.53 billion, a P/E ratio of 20.07 and a beta of 2.07.

BRP (NASDAQ:DOOO) last issued its earnings results on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.23. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. As a group, analysts predict that BRP Inc. will post 2.27 EPS for the current year.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.152 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.26%. BRP’s payout ratio is currently 25.73%.

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.