Dorman Products Inc. (DORM) Receives $68.33 Consensus Price Target from Analysts

Dorman Products Inc. (NASDAQ:DORM) has been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $68.33.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 7th. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a research report on Thursday, July 12th. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, ValuEngine upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Thursday.

Dorman Products traded down $1.40, hitting $73.17, during trading on Friday, according to MarketBeat Ratings. 120,809 shares of the company traded hands, compared to its average volume of 187,545. The firm has a market cap of $2.44 billion, a P/E ratio of 22.04, a PEG ratio of 1.25 and a beta of 0.89. Dorman Products has a one year low of $56.36 and a one year high of $83.44.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, May 1st. The auto parts company reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.07). The company had revenue of $227.30 million for the quarter, compared to the consensus estimate of $233.97 million. Dorman Products had a net margin of 11.89% and a return on equity of 18.27%. Dorman Products’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. equities analysts predict that Dorman Products will post 4.17 EPS for the current year.

In other Dorman Products news, Director John J. Gavin bought 1,536 shares of the business’s stock in a transaction on Monday, May 7th. The stock was purchased at an average price of $65.23 per share, for a total transaction of $100,193.28. Following the completion of the transaction, the director now directly owns 3,395 shares of the company’s stock, valued at $221,455.85. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 11.90% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Zions Bancorporation purchased a new stake in Dorman Products in the first quarter valued at approximately $188,000. Atria Investments LLC purchased a new stake in Dorman Products in the first quarter valued at approximately $201,000. ARGI Investment Services LLC purchased a new stake in Dorman Products in the first quarter valued at approximately $209,000. Thomson Horstmann & Bryant Inc. purchased a new stake in Dorman Products in the first quarter valued at approximately $218,000. Finally, Virtu Financial LLC purchased a new stake in Dorman Products in the fourth quarter valued at approximately $225,000. 74.96% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Company Profile

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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Analyst Recommendations for Dorman Products (NASDAQ:DORM)

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