Dorman Products, Inc. (DORM) Receives Average Recommendation of “Hold” from Brokerages
Dorman Products, Inc. (NASDAQ:DORM) has received an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $68.33.
A number of research firms have commented on DORM. FBR & Co reaffirmed a “mkt perform” rating and issued a $74.50 target price on shares of Dorman Products in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 target price on shares of Dorman Products in a research report on Sunday, October 29th. B. Riley reaffirmed a “neutral” rating and issued a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
Shares of Dorman Products (DORM) traded up $0.17 on Monday, hitting $66.61. 218,000 shares of the company traded hands, compared to its average volume of 157,072. The company has a market capitalization of $2,240.52, a P/E ratio of 20.07, a P/E/G ratio of 1.81 and a beta of 0.60. Dorman Products has a 12 month low of $62.64 and a 12 month high of $88.50.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Friday, October 27th. The auto parts company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.07). Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The firm had revenue of $224.60 million for the quarter, compared to the consensus estimate of $233.56 million. During the same period last year, the business earned $0.77 EPS. Dorman Products’s revenue was up 5.5% on a year-over-year basis. equities research analysts anticipate that Dorman Products will post 3.34 EPS for the current year.
In related news, Director Paul R. Lederer sold 1,800 shares of Dorman Products stock in a transaction on Monday, August 14th. The shares were sold at an average price of $74.82, for a total transaction of $134,676.00. Following the transaction, the director now owns 16,961 shares in the company, valued at approximately $1,269,022.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.70% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Paradice Investment Management LLC lifted its stake in shares of Dorman Products by 35.8% during the 3rd quarter. Paradice Investment Management LLC now owns 143,411 shares of the auto parts company’s stock valued at $10,271,000 after buying an additional 37,769 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Dorman Products by 436.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,021 shares of the auto parts company’s stock valued at $8,804,000 after acquiring an additional 100,087 shares during the last quarter. Legal & General Group Plc increased its holdings in Dorman Products by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 59,009 shares of the auto parts company’s stock valued at $4,226,000 after acquiring an additional 1,744 shares during the last quarter. Washington Capital Management Inc. increased its holdings in Dorman Products by 57.1% in the 3rd quarter. Washington Capital Management Inc. now owns 6,600 shares of the auto parts company’s stock valued at $473,000 after acquiring an additional 2,400 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its holdings in Dorman Products by 12.0% in the 3rd quarter. ETRADE Capital Management LLC now owns 7,103 shares of the auto parts company’s stock valued at $509,000 after acquiring an additional 760 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.
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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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