Dorman Products, Inc. (NASDAQ:DORM)‘s stock had its “mkt perform” rating reiterated by analysts at FBR & Co in a report released on Tuesday, July 18th, MarketBeat.com reports. They currently have a $74.50 price objective on the auto parts company’s stock. FBR & Co’s price target would indicate a potential downside of 1.04% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. BidaskClub upgraded Dorman Products from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Zacks Investment Research cut Dorman Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 target price (up from $78.00) on shares of Dorman Products in a research note on Wednesday, May 3rd. Finally, B. Riley reiterated a “neutral” rating and issued a $74.50 target price on shares of Dorman Products in a research note on Saturday, May 13th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $81.25.
Shares of Dorman Products (NASDAQ:DORM) opened at 75.28 on Tuesday. Dorman Products has a 52-week low of $60.00 and a 52-week high of $88.50. The company has a 50-day moving average of $78.57 and a 200 day moving average of $78.31. The stock has a market cap of $2.58 billion, a P/E ratio of 22.88 and a beta of 0.61.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Dorman Products had a return on equity of 18.64% and a net margin of 12.66%. The firm had revenue of $229.26 million for the quarter, compared to the consensus estimate of $225.91 million. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Dorman Products will post $3.46 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. Sheets Smith Wealth Management boosted its stake in Dorman Products by 0.4% in the second quarter. Sheets Smith Wealth Management now owns 3,690 shares of the auto parts company’s stock worth $305,000 after buying an additional 15 shares during the last quarter. Alps Advisors Inc. boosted its stake in Dorman Products by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,014 shares of the auto parts company’s stock worth $498,000 after buying an additional 16 shares during the last quarter. NGAM Advisors L.P. boosted its stake in Dorman Products by 0.3% in the second quarter. NGAM Advisors L.P. now owns 20,645 shares of the auto parts company’s stock worth $1,709,000 after buying an additional 52 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its stake in Dorman Products by 0.4% in the first quarter. Prescott Group Capital Management L.L.C. now owns 15,045 shares of the auto parts company’s stock worth $1,236,000 after buying an additional 56 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Dorman Products by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 3,360 shares of the auto parts company’s stock worth $275,000 after buying an additional 70 shares during the last quarter. Institutional investors own 76.59% of the company’s stock.
Dorman Products Company Profile
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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