Shares of Dorman Products Inc. (NASDAQ:DORM) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $70.50.
Several analysts recently issued reports on DORM shares. BidaskClub upgraded Dorman Products from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Zacks Investment Research upgraded Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Thursday, March 1st. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a report on Tuesday, February 27th. Finally, CL King upgraded Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd.
In other Dorman Products news, SVP Jeffery Darby sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total value of $80,047.00. Following the sale, the senior vice president now owns 13,488 shares in the company, valued at $981,521.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.70% of the stock is owned by corporate insiders.
Dorman Products (NASDAQ DORM) traded up $0.03 on Friday, reaching $72.54. The company had a trading volume of 120,853 shares, compared to its average volume of 233,178. Dorman Products has a fifty-two week low of $60.93 and a fifty-two week high of $88.50. The company has a market capitalization of $2,435.02, a price-to-earnings ratio of 23.18, a PEG ratio of 1.57 and a beta of 0.91.
Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, February 26th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. The business had revenue of $227.72 million for the quarter, compared to analyst estimates of $234.58 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. Dorman Products’s revenue was down .6% on a year-over-year basis. equities analysts forecast that Dorman Products will post 4.2 EPS for the current year.
About Dorman Products
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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