BRP (NASDAQ:DOOO) Hits New 12-Month Low – Time to Sell?

BRP Inc. (NASDAQ:DOOO)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $40.55 and last traded at $40.88, with a volume of 110240 shares. The stock had previously closed at $41.99.

Analyst Ratings Changes

Separately, Citigroup downgraded BRP from a “buy” rating to a “neutral” rating in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $97.00.

BRP Stock Down 2.5 %

The stock has a market capitalization of $2.99 billion, a P/E ratio of 21.77 and a beta of 2.02. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The firm has a 50 day simple moving average of $48.91 and a two-hundred day simple moving average of $54.60.

BRP (NASDAQ:DOOO) last announced its quarterly earnings results on Friday, December 6th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, equities research analysts expect that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.1485 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, December 31st. BRP’s payout ratio is 30.85%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its position in BRP by 71.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company’s stock worth $83,399,000 after purchasing an additional 684,651 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in BRP by 401.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 15,019 shares of the company’s stock worth $765,000 after purchasing an additional 12,023 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in BRP by 0.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company’s stock worth $1,823,000 after purchasing an additional 293 shares during the last quarter. Turtle Creek Asset Management Inc. raised its position in BRP by 29.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock worth $151,118,000 after purchasing an additional 668,607 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in BRP by 5.4% during the 4th quarter. Systematic Financial Management LP now owns 202,425 shares of the company’s stock worth $10,297,000 after purchasing an additional 10,341 shares during 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.