Insider Selling: Jeffery Darby Sells 1,000 Shares of Dorman Products Stock (DORM)
Dorman Products (NASDAQ:DORM) SVP Jeffery Darby sold 1,000 shares of Dorman Products stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $44.98, for a total value of $44,980.00. Following the transaction, the senior vice president now directly owns 25,370 shares in the company, valued at approximately $1,141,143. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at BB&T Corp. cut their price target on shares of Dorman Products from $65.00 to $55.00 in a research note on Thursday, July 31st. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $52.17.
Dorman Products (NASDAQ:DORM) traded down 2.10% during mid-day trading on Wednesday, hitting $44.25. 256,195 shares of the company’s stock traded hands. Dorman Products has a 52-week low of $41.33 and a 52-week high of $60.99. The stock’s 50-day moving average is $44.79 and its 200-day moving average is $52.45. The company has a market cap of $1.603 billion and a P/E ratio of 18.30.
Dorman Products (NASDAQ:DORM) last released its earnings data on Wednesday, July 30th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.01. The company had revenue of $196.20 million for the quarter, compared to the consensus estimate of $186.73 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts expect that Dorman Products will post $2.60 EPS 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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