BRP (NASDAQ:DOOO) Stock Price Down 4.7% – Should You Sell?

Shares of BRP Inc. (NASDAQ:DOOO) fell 4.7% on Tuesday . The company traded as low as $49.30 and last traded at $50.31. 34,737 shares were traded during mid-day trading, a decline of 67% from the average session volume of 104,270 shares. The stock had previously closed at $52.79.

BRP Price Performance

The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The stock has a fifty day moving average of $50.98 and a 200 day moving average of $57.89. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 26.87 and a beta of 2.02.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Friday, December 6th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, analysts expect that BRP Inc. will post 3.16 EPS for the current fiscal year.

BRP Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.1485 per share. This represents a $0.59 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Tuesday, December 31st. BRP’s dividend payout ratio (DPR) is presently 30.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOOO. US Bancorp DE raised its holdings in BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after purchasing an additional 322 shares during the period. Spartan Fund Management Inc. acquired a new position in shares of BRP during the 3rd quarter worth approximately $72,000. DRW Securities LLC purchased a new position in shares of BRP during the 3rd quarter valued at approximately $161,000. Public Employees Retirement System of Ohio purchased a new stake in BRP in the 3rd quarter worth $178,000. Finally, Creative Planning purchased a new position in BRP during the third quarter valued at $227,000.

About BRP

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.