323,147 Shares in BRP Inc. $DOOO Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new stake in shares of BRP Inc. (NASDAQ:DOOO) in the third quarter, Holdings Channel reports. The fund bought 323,147 shares of the company’s stock, valued at approximately $19,643,000.

Other large investors have also recently made changes to their positions in the company. Aviso Financial Inc. raised its position in shares of BRP by 44.2% in the 2nd quarter. Aviso Financial Inc. now owns 30,319 shares of the company’s stock worth $1,471,000 after purchasing an additional 9,296 shares during the last quarter. Forge First Asset Management Inc. purchased a new stake in BRP during the 3rd quarter valued at about $8,188,000. TD Asset Management Inc increased its stake in BRP by 46.3% during the 3rd quarter. TD Asset Management Inc now owns 186,800 shares of the company’s stock valued at $11,361,000 after purchasing an additional 59,156 shares in the last quarter. Triasima Portfolio Management inc. purchased a new position in BRP in the third quarter worth about $4,113,000. Finally, 1832 Asset Management L.P. raised its holdings in BRP by 21.1% in the second quarter. 1832 Asset Management L.P. now owns 84,005 shares of the company’s stock worth $4,072,000 after buying an additional 14,660 shares during the last quarter.

BRP Price Performance

Shares of DOOO opened at $72.11 on Wednesday. The firm has a fifty day simple moving average of $76.34 and a two-hundred day simple moving average of $69.46. The firm has a market cap of $5.27 billion, a PE ratio of 194.89 and a beta of 1.26. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. BRP Inc. has a 1-year low of $31.78 and a 1-year high of $78.07.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DOOO shares. Desjardins reissued a “buy” rating on shares of BRP in a research report on Friday, December 5th. TD Securities reiterated a “buy” rating on shares of BRP in a research note on Thursday, December 4th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of BRP in a research note on Friday, December 5th. Wall Street Zen raised BRP from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. Finally, Zacks Research downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.40.

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.