TD Asset Management Inc Acquires 59,156 Shares of BRP Inc. $DOOO

TD Asset Management Inc grew its holdings in BRP Inc. (NASDAQ:DOOO) by 46.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 186,800 shares of the company’s stock after buying an additional 59,156 shares during the quarter. TD Asset Management Inc owned 0.26% of BRP worth $11,361,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Osaic Holdings Inc. increased its stake in BRP by 905.8% in the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after acquiring an additional 625 shares during the period. Sagard Holdings Management Inc. bought a new position in BRP during the second quarter worth about $41,000. Raymond James Financial Inc. bought a new position in BRP during the second quarter worth about $60,000. JPMorgan Chase & Co. boosted its holdings in BRP by 1,057.4% during the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock valued at $66,000 after purchasing an additional 994 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of BRP in the 1st quarter valued at approximately $70,000.

BRP Stock Down 5.4%

Shares of NASDAQ DOOO opened at $73.34 on Monday. BRP Inc. has a 12-month low of $31.78 and a 12-month high of $78.07. The firm’s 50-day simple moving average is $76.33 and its 200 day simple moving average is $69.24. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 198.20 and a beta of 1.26.

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

BRP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, December 31st. BRP’s dividend payout ratio is 164.86%.

Analysts Set New Price Targets

Several equities analysts recently commented on DOOO shares. Royal Bank Of Canada raised their target price on BRP from $107.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Citigroup reiterated a “buy” rating on shares of BRP in a research report on Wednesday, January 14th. Loop Capital assumed coverage on BRP in a report on Thursday, November 13th. They set a “buy” rating for the company. Zacks Research downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, TD Securities reaffirmed a “buy” rating on shares of BRP in a report on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.