Dorman Products Inc. (DORM) Receives Consensus Rating of “Hold” from Analysts

Dorman Products Inc. (NASDAQ:DORM) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $68.33.

Several analysts have recently issued reports on the stock. BidaskClub raised shares of Dorman Products from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Jefferies Group reissued a “hold” rating and set a $75.00 price target on shares of Dorman Products in a research report on Sunday, October 29th. Zacks Investment Research raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. B. Riley reissued a “neutral” rating and set a $65.00 price target (down previously from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Finally, FBR & Co reissued a “neutral” rating and set a $65.00 price target (down previously from $75.00) on shares of Dorman Products in a research report on Monday, October 30th.

Shares of Dorman Products (DORM) traded up $1.16 on Friday, hitting $73.60. 216,668 shares of the stock traded hands, compared to its average volume of 227,457. The firm has a market capitalization of $2,442.85, a PE ratio of 22.24, a PEG ratio of 1.74 and a beta of 0.61. Dorman Products has a 1-year low of $60.93 and a 1-year high of $88.50.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Friday, October 27th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.07). The business had revenue of $224.60 million for the quarter, compared to analyst estimates of $233.56 million. Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. sell-side analysts predict that Dorman Products will post 3.34 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its holdings in Dorman Products by 9.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 173,212 shares of the auto parts company’s stock valued at $12,406,000 after acquiring an additional 14,697 shares in the last quarter. OxFORD Asset Management LLP raised its holdings in Dorman Products by 31.4% in the second quarter. OxFORD Asset Management LLP now owns 31,012 shares of the auto parts company’s stock valued at $2,567,000 after acquiring an additional 7,409 shares in the last quarter. California Public Employees Retirement System raised its holdings in Dorman Products by 2.7% in the second quarter. California Public Employees Retirement System now owns 68,900 shares of the auto parts company’s stock valued at $5,703,000 after acquiring an additional 1,800 shares in the last quarter. Northern Trust Corp raised its holdings in Dorman Products by 0.4% in the second quarter. Northern Trust Corp now owns 495,067 shares of the auto parts company’s stock valued at $40,977,000 after acquiring an additional 1,945 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Dorman Products by 1.0% in the second quarter. Vanguard Group Inc. now owns 2,833,910 shares of the auto parts company’s stock valued at $234,562,000 after acquiring an additional 27,088 shares in the last quarter. 76.27% of the stock is currently owned by hedge funds and other institutional investors.

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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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