BRP Inc. (NASDAQ:DOOO) Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its holdings in BRP Inc. (NASDAQ:DOOO) by 115.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,885 shares of the company’s stock after purchasing an additional 10,106 shares during the quarter. Hantz Financial Services Inc.’s holdings in BRP were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in DOOO. US Bancorp DE grew its stake in shares of BRP by 350.0% in the third quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after purchasing an additional 322 shares in the last quarter. Dnca Finance bought a new stake in shares of BRP during the 2nd quarter worth about $66,000. Spartan Fund Management Inc. acquired a new stake in shares of BRP in the 3rd quarter worth approximately $72,000. DRW Securities LLC bought a new position in shares of BRP in the third quarter valued at approximately $161,000. Finally, Lake Street Advisors Group LLC bought a new stake in BRP during the second quarter worth approximately $201,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DOOO. UBS Group dropped their price objective on BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Scotiabank downgraded shares of BRP from a “sector outperform” rating to a “sector perform” rating in a report on Monday, September 9th. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Cibc World Mkts lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Finally, Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, BRP currently has a consensus rating of “Hold” and an average target price of $97.00.

BRP Trading Up 0.7 %

BRP stock opened at $48.73 on Monday. BRP Inc. has a 52 week low of $46.85 and a 52 week high of $75.59. 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 $3.56 billion, a price-to-earnings ratio of 20.22 and a beta of 2.07. The company has a 50 day moving average price of $53.31 and a 200 day moving average price of $61.62.

BRP (NASDAQ:DOOO) last issued its earnings results on Friday, September 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.22 by $0.23. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. Research analysts forecast that BRP Inc. will post 2.26 EPS for the current year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, September 27th. BRP’s dividend payout ratio (DPR) is 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.