Dorman Products Inc. (NASDAQ:DORM) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $68.33.

Several brokerages have commented on DORM. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Jefferies Group reiterated a “hold” rating and issued a $75.00 price target on shares of Dorman Products in a research note on Sunday, October 29th. Zacks Investment Research lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. B. Riley reiterated a “neutral” rating and issued a $65.00 price target (down from $75.00) on shares of Dorman Products in a research note on Wednesday, November 1st. Finally, FBR & Co reiterated a “neutral” rating and issued a $65.00 price target (down from $75.00) on shares of Dorman Products in a research note on Monday, October 30th.

Shares of Dorman Products (DORM) traded up $1.16 during trading on Friday, reaching $73.60. 216,668 shares of the company’s stock traded hands, compared to its average volume of 227,457. The stock has a market capitalization of $2,442.85, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.74 and a beta of 0.61. Dorman Products has a one year low of $60.93 and a one year 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.07). The company had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $233.56 million. Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. equities analysts forecast that Dorman Products will post 3.34 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in DORM. Schwab Charles Investment Management Inc. grew its position in shares of Dorman Products by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 158,515 shares of the auto parts company’s stock worth $13,121,000 after acquiring an additional 5,579 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Dorman Products during the second quarter worth approximately $117,000. Victory Capital Management Inc. grew its position in shares of Dorman Products by 17.5% during the second quarter. Victory Capital Management Inc. now owns 2,268 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 338 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dorman Products by 8.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 118 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Dorman Products by 1.9% during the second quarter. Swiss National Bank now owns 52,300 shares of the auto parts company’s stock worth $4,329,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 76.27% 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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