Hantz Financial Services Inc. Buys 7,811 Shares of BRP Inc. $DOOO

Hantz Financial Services Inc. increased its position in shares of BRP Inc. (NASDAQ:DOOO) by 208.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,551 shares of the company’s stock after acquiring an additional 7,811 shares during the period. Hantz Financial Services Inc.’s holdings in BRP were worth $702,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its stake in shares of BRP by 51.1% during the second quarter. Mackenzie Financial Corp now owns 2,847,424 shares of the company’s stock valued at $138,302,000 after purchasing an additional 962,696 shares in the last quarter. QV Investors Inc. bought a new position in BRP in the 3rd quarter valued at approximately $29,351,000. Goldman Sachs Group Inc. boosted its position in BRP by 144.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock worth $24,460,000 after buying an additional 427,434 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in BRP by 696.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 291,203 shares of the company’s stock worth $14,144,000 after buying an additional 254,627 shares during the period. Finally, Montrusco Bolton Investments Inc. bought a new stake in BRP during the 2nd quarter worth approximately $11,139,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DOOO shares. Citigroup reaffirmed a “buy” rating on shares of BRP in a research note on Wednesday, January 14th. National Bankshares upgraded BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. Desjardins reaffirmed a “buy” rating on shares of BRP in a report on Friday, December 5th. Royal Bank Of Canada upped their price target on BRP from $107.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Finally, Natl Bk Canada raised BRP from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, BRP presently has an average rating of “Moderate Buy” and an average target price of $84.40.

BRP Stock Performance

Shares of BRP stock opened at $76.47 on Friday. The business has a 50-day moving average price of $75.03 and a two-hundred day moving average price of $66.14. BRP Inc. has a 1-year low of $31.78 and a 1-year high of $78.07. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. The company has a market cap of $5.59 billion, a P/E ratio of 206.68 and a beta of 1.26.

BRP (NASDAQ:DOOO) last issued its earnings results on Thursday, December 4th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.27. BRP had a return on equity of 67.30% and a net margin of 0.45%.The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.50 billion. BRP’s revenue was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. As a group, analysts anticipate that BRP Inc. will post 3.15 EPS for the current year.

BRP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were paid a $0.215 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. BRP’s payout ratio is currently 164.86%.

BRP Company Profile

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.