Dorman Products Director Edgar Levin Unloads 1,000 Shares (DORM)
Dorman Products (NASDAQ:DORM) Director Edgar Levin unloaded 1,000 shares of the company’s stock on the open market in a transaction dated Friday, September 13th. The stock was sold at an average price of $50.16, for a total value of $50,160.00. Following the transaction, the director now directly owns 84,700 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
DORM has been the subject of a number of recent research reports. Analysts at B. Riley initiated coverage on shares of Dorman Products (NASDAQ:DORM) in a research note to investors on Tuesday, September 3rd. They set a “sell” rating and a $36.50 price target on the stock. Separately, analysts at Merrill Lynch initiated coverage on shares of Dorman Products (NASDAQ:DORM) in a research note to investors on Tuesday, August 13th. They set a “buy” rating on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Dorman Products (NASDAQ:DORM) in a research note to investors on Tuesday, August 13th. They set a “buy” rating and a $60.00 price target on the stock.
Dorman Products (NASDAQ:DORM) traded up 0.34% during mid-day trading on Tuesday, hitting $50.35. The stock had a trading volume of 64,518 shares. Dorman Products has a one year low of $28.90 and a one year high of $52.43. The stock has a 50-day moving average of $49.95 and a 200-day moving average of $43.66. The company has a market cap of $1.830 billion and a price-to-earnings ratio of 24.74.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.01. The company had revenue of $162.30 million for the quarter, compared to the consensus estimate of $161.47 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that Dorman Products will post $2.23 earnings per share for the current fiscal year.
Dorman Products, Inc (NASDAQ:DORM) is a supplier of automotive and heavy duty truck replacement parts and service line products primarily for the automotive aftermarket.
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