BRP (DOOO) declares a dividend of $0.18

BRP Inc. declared on March 22, 2023 that its board of directors had declared a regular quarterly dividend of $0.18 per share ($0.72 annualized). Previously, the company paid $0.12 per share.

Shares must be purchased before the ex-div date of March 31, 2023 to be eligible for the dividend. Shareholders of record on April 3, 2023 will receive payment on April 17, 2023.

At the current share price of $76.43/share, the dividend yield of the stock is 0.94%.

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Analyst price forecast suggests 31.30% upside

As of March 23, 2023, the one-year average price target for BRP Inc. was $100.36. The predictions range from a low of $57.89 to a high of $138.12. The average price target represents a 31.30% increase from its last reported closing price of $76.43.

Check out our ranking of companies with the biggest upward price target.

The projected annual revenue for BRP Inc. is $10,032 million. Projected annual non-GAAP EPS is $12.05.

What is fund sentiment?

There are 6 funds or institutions reporting positions in BRP Inc. This is unchanged from last quarter. Average portfolio weight of all funds dedicated to DOOO is 0.04%, an increase of 13.43%. The total number of shares held by institutions has decreased by 37.90% over the past three months to 127,000 shares. DOOO’s put/call ratio is 3.15, indicating a bearish outlook.

What do major shareholders do?

OBIIX – Oberweis International Opportunities Institutional Fund holds 66,000 shares representing 0.08% ownership of the company. In its previous filing, the company said it held 133,000 shares, representing a decrease of 101.66%. The company decreases its portfolio allocation in DOOO of 16.35% over the last quarter.

OBIOX – Oberweis International Opportunities Fund holds 25,000 shares representing 0.03% ownership of the company. In its previous filing, the company said it held 35,000 shares, representing a decrease of 43.50%. The company decreases its portfolio allocation in DOOO of 16.08% over the last quarter.

MMIUX – MassMutual Select T. Rowe Price International Equity Fund Class I holds 15,000 shares representing 0.02% ownership of the company. No change in the last quarter.

WELLS FARGO MASTER TRUST – Wells Fargo Factor Enhanced International Portfolio holds 12,000 shares representing 0.02% ownership of the company.

OBEGX – Oberweis Global Opportunities Fund Investor Class holds 10,000 shares representing 0.01% ownership of the company. No change in the last quarter.

General information about BRP
(This description is provided by the company.)

BRP Inc. is a world leader in powersports vehicles, propulsion systems and boats built on more than 75 years of ingenuity and intensive consumer care. Its distinctive and industry-leading product portfolio includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am on-road and off-road vehicles, Alumacraft, Manitou, Quintrex, Stacer and Savage boats. , Evinrude and Rotax marine propulsion systems. as well as Rotax engines for karts, motorcycles and recreational aircraft. The company complements its product lines with a business dedicated to parts, accessories and clothing to fully enhance the driving experience. With annual sales of C$6.1 billion in more than 120 countries, its global workforce is made up of approximately 12,600 motivated and resourceful people.

This story originally appeared on Fintel.

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