BRP (NASDAQ:DOOO) Sets New 52-Week Low – Should You Sell?

BRP Inc. (NASDAQ:DOOO) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $47.36 and last traded at $47.72, with a volume of 17691 shares traded. The stock had previously closed at $48.13.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Cibc World Mkts lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. National Bank Financial lowered BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 21st. Scotiabank downgraded BRP from a “sector outperform” rating to a “sector perform” rating in a report on Monday, September 9th. Finally, Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $97.00.

BRP Trading Down 0.6 %

The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 19.89 and a beta of 2.07. The company has a fifty day moving average of $56.86 and a two-hundred day moving average of $63.46. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99.

BRP (NASDAQ:DOOO) last announced its quarterly earnings data on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.23. BRP had a net margin of 2.78% and a return on equity of 79.58%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. On average, research analysts expect that BRP Inc. will post 2.3 EPS for the current year.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.152 dividend. 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 1.27%. BRP’s dividend payout ratio (DPR) is presently 25.73%.

Institutional Trading of BRP

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in BRP by 753.8% in the first quarter. BNP Paribas Financial Markets now owns 6,002 shares of the company’s stock valued at $403,000 after purchasing an additional 5,299 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of BRP in the first quarter valued at approximately $5,376,000. Russell Investments Group Ltd. lifted its position in BRP by 77.7% during the 1st quarter. Russell Investments Group Ltd. now owns 12,870 shares of the company’s stock worth $865,000 after buying an additional 5,627 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in BRP by 18.5% in the first quarter. Ontario Teachers Pension Plan Board now owns 35,081 shares of the company’s stock valued at $2,357,000 after purchasing an additional 5,489 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its stake in BRP by 66.7% in the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter.

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.