BRP Inc. (DOOO) to Issue Quarterly Dividend of $0.15 on April 22nd

BRP Inc. (NASDAQ:DOOOGet Free Report) announced a quarterly dividend on Wednesday, March 27th, investing.com reports. Shareholders of record on Monday, April 8th will be paid a dividend of 0.1545 per share on Monday, April 22nd. This represents a $0.62 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, April 5th.

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

BRP Price Performance

NASDAQ DOOO opened at $74.68 on Wednesday. BRP has a 1 year low of $57.15 and a 1 year high of $92.74. The business’s fifty day moving average is $65.39 and its two-hundred day moving average is $68.59. The stock has a market capitalization of $5.66 billion, a P/E ratio of 10.64 and a beta of 2.12. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.41 and a current ratio of 1.40.

Institutional Trading of BRP

A number of institutional investors have recently added to or reduced their stakes in DOOO. CIBC Asset Management Inc lifted its stake in shares of BRP by 0.5% in the 2nd quarter. CIBC Asset Management Inc now owns 34,228 shares of the company’s stock valued at $2,896,000 after purchasing an additional 160 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of BRP by 8.2% during the 1st quarter. Moors & Cabot Inc. now owns 2,638 shares of the company’s stock worth $216,000 after acquiring an additional 200 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of BRP by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,228 shares of the company’s stock worth $876,000 after acquiring an additional 282 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BRP by 21.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,494 shares of the company’s stock valued at $153,000 after acquiring an additional 434 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of BRP by 10.8% in the 1st quarter. Citigroup Inc. now owns 4,611 shares of the company’s stock valued at $360,000 after acquiring an additional 449 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. CIBC upped their target price on BRP from $106.00 to $110.00 and gave the company an “outperformer” rating in a report on Monday. Desjardins lifted their target price on shares of BRP from $112.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday. TheStreet downgraded shares of BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Finally, Raymond James decreased their price objective on shares of BRP from $114.00 to $108.00 and set a “strong-buy” rating for the company in a research note on Monday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, BRP currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.78.

Check Out Our Latest Research Report on BRP

About BRP

(Get Free Report)

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.

See Also

Dividend History for BRP (NASDAQ:DOOO)

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