BRP Inc. (NASDAQ:DOOO) Declares Quarterly Dividend of $0.15

BRP Inc. (NASDAQ:DOOO) announced a quarterly dividend on Wednesday, March 27th, investing.com reports. Shareholders of record on Monday, April 8th will be given a dividend of 0.1545 per share on Monday, April 22nd. This represents a $0.62 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, April 5th.

BRP has increased its dividend payment by an average of 67.1% per year over the last three years.

BRP Price Performance

NASDAQ:DOOO opened at $67.10 on Friday. BRP has a 52 week low of $57.15 and a 52 week high of $92.74. The company has a quick ratio of 0.41, a current ratio of 1.40 and a debt-to-equity ratio of 4.00. The stock has a market cap of $5.09 billion, a PE ratio of 7.82 and a beta of 2.12. The business’s 50-day simple moving average is $65.24 and its two-hundred day simple moving average is $68.77.

Analysts Set New Price Targets

Several equities analysts have commented on DOOO shares. UBS Group lowered shares of BRP from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. TheStreet lowered BRP from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Finally, Canaccord Genuity Group downgraded BRP from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $129.88.

Hedge Funds Weigh In On BRP

Hedge funds have recently made changes to their positions in the company. Wolverine Trading LLC acquired a new stake in shares of BRP in the fourth quarter worth $247,000. Moors & Cabot Inc. grew its stake in BRP by 8.2% in the 1st quarter. Moors & Cabot Inc. now owns 2,638 shares of the company’s stock valued at $216,000 after acquiring an additional 200 shares during the period. BlackRock Inc. acquired a new position in BRP during the first quarter worth $214,000. UBS Group AG lifted its holdings in BRP by 32.7% during the first quarter. UBS Group AG now owns 2,237 shares of the company’s stock valued at $175,000 after purchasing an additional 551 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in BRP in the 3rd quarter valued at about $169,000.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.