Dorman Products, Inc. (NASDAQ:DORM) Receives $157.00 Average Price Target from Analysts

Dorman Products, Inc. (NASDAQ:DORM) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $157.00.

A number of research firms have recently weighed in on DORM. Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Stephens restated an “overweight” rating and issued a $150.00 target price on shares of Dorman Products in a report on Wednesday, March 18th. Barrington Research restated an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorman Products in a research note on Thursday, June 18th. Finally, Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and dropped their price target for the stock from $159.00 to $140.00 in a research note on Monday, March 2nd.

Hedge Funds Weigh In On Dorman Products

A number of large investors have recently made changes to their positions in DORM. Westfield Capital Management Co. LP purchased a new position in shares of Dorman Products during the 4th quarter worth about $56,940,000. Victory Capital Management Inc. boosted its stake in shares of Dorman Products by 4,111.8% during the 4th quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock worth $45,098,000 after purchasing an additional 357,395 shares during the period. Norges Bank purchased a new position in shares of Dorman Products during the 4th quarter worth about $41,488,000. Clark Capital Management Group Inc. boosted its stake in shares of Dorman Products by 299.6% during the 3rd quarter. Clark Capital Management Group Inc. now owns 316,961 shares of the auto parts company’s stock worth $49,408,000 after purchasing an additional 237,639 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Dorman Products by 22.1% during the 4th quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock worth $100,250,000 after purchasing an additional 147,233 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

Dorman Products stock opened at $134.69 on Monday. The company’s 50-day moving average price is $120.73 and its 200-day moving average price is $119.62. Dorman Products has a twelve month low of $98.44 and a twelve month high of $166.89. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. The company has a market cap of $4.02 billion, a PE ratio of 21.72 and a beta of 0.99.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The firm had revenue of $528.77 million for the quarter, compared to the consensus estimate of $524.80 million. During the same period in the previous year, the firm posted $2.02 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. On average, equities research analysts forecast that Dorman Products will post 8.22 EPS for the current fiscal year.

About Dorman Products

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.