BRP Inc. (NASDAQ:DOOO - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,170,000 shares, an increase of 21.9% from the September 15th total of 1,780,000 shares. Based on an average daily trading volume, of 115,400 shares, the short-interest ratio is currently 18.8 days. Currently, 6.9% of the company's stock are short sold.
Several equities analysts have commented on the stock. Cibc World Mkts cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. UBS Group decreased their target price on BRP from $66.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, September 13th. National Bank Financial downgraded BRP from an "outperform" rating to a "sector perform" rating in a report on Wednesday, August 21st. Citigroup decreased their price objective on BRP from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, September 9th. Finally, Stifel Nicolaus lowered shares of BRP from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, BRP presently has an average rating of "Hold" and an average target price of $97.00.
Get Our Latest Stock Analysis on DOOO
Large investors have recently made changes to their positions in the company. UniSuper Management Pty Ltd increased its position in BRP by 66.7% during the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company's stock worth $34,000 after buying an additional 200 shares during the period. Bank of New York Mellon Corp raised its position in BRP by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,666 shares of the company's stock valued at $1,964,000 after purchasing an additional 520 shares during the last quarter. Addenda Capital Inc. grew its position in BRP by 5.3% during the 1st quarter. Addenda Capital Inc. now owns 10,583 shares of the company's stock worth $710,000 after purchasing an additional 528 shares during the last quarter. Trivant Custom Portfolio Group LLC acquired a new position in BRP in the first quarter valued at $50,000. Finally, Dnca Finance purchased a new stake in shares of BRP in the second quarter valued at about $66,000.
Shares of NASDAQ DOOO opened at $58.41 on Monday. The stock's 50-day simple moving average is $64.26 and its 200-day simple moving average is $66.33. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.37 and a current ratio of 1.32. The firm has a market capitalization of $4.33 billion, a PE ratio of 10.56 and a beta of 2.06. BRP has a fifty-two week low of $57.15 and a fifty-two week high of $78.95.
BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings data on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.35 billion. As a group, equities research analysts forecast that BRP will post 2.21 EPS for the current fiscal year.
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. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Friday, September 27th. BRP's dividend payout ratio (DPR) is currently 11.21%.
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.
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