Dorman Products (NASDAQ:DORM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Dorman Products (NASDAQ:DORM) had its price target lifted by equities researchers at Wells Fargo & Company from $140.00 to $155.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 14.90% from the stock’s previous close.

Several other research analysts have also issued reports on DORM. Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research note on Monday, May 4th. Finally, Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.50.

Dorman Products Price Performance

Shares of DORM opened at $134.90 on Tuesday. The firm has a market cap of $4.03 billion, a PE ratio of 21.76 and a beta of 0.97. Dorman Products has a 52-week low of $98.44 and a 52-week high of $166.89. The business’s 50 day moving average price is $129.16 and its two-hundred day moving average price is $121.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29.

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

Hedge Funds Weigh In On Dorman Products

A number of institutional investors have recently modified their holdings of DORM. Dimensional Fund Advisors LP grew its position in Dorman Products by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,352 shares of the auto parts company’s stock valued at $114,725,000 after purchasing an additional 51,653 shares during the period. State Street Corp increased its stake in Dorman Products by 0.7% during the 4th quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock valued at $130,792,000 after purchasing an additional 7,846 shares in the last quarter. Jennison Associates LLC raised its holdings in Dorman Products by 1.5% during the first quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company’s stock worth $86,231,000 after buying an additional 12,504 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dorman Products by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock worth $87,880,000 after buying an additional 26,229 shares during the last quarter. Finally, Reinhart Partners LLC. bought a new position in shares of Dorman Products in the second quarter valued at $93,386,000. 84.70% of the stock is owned by institutional investors and hedge funds.

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.