CL King upgraded shares of Dorman Products (NASDAQ:DORM) from a neutral rating to a strong-buy rating in a research report report published on Wednesday morning, MarketBeat Ratings reports.
DORM has been the subject of a number of other research reports. BidaskClub lowered shares of Dorman Products from a sell rating to a strong sell rating in a research report on Thursday, December 14th. Zacks Investment Research lowered shares of Dorman Products from a hold rating to a sell rating in a research report on Friday, November 3rd. Jefferies Group restated a hold rating and issued a $75.00 price objective on shares of Dorman Products in a research report on Sunday, October 29th. B. Riley restated a neutral rating and issued a $65.00 price objective (down from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Finally, FBR & Co restated a neutral rating and issued a $65.00 price objective (down from $75.00) on shares of Dorman Products in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $68.33.
Shares of Dorman Products (DORM) traded up $1.06 during trading hours on Wednesday, reaching $71.39. 372,358 shares of the company’s stock were exchanged, compared to its average volume of 280,671. The company has a market capitalization of $2,410.00, a price-to-earnings ratio of 21.57, a PEG ratio of 1.71 and a beta of 0.61. Dorman Products has a 12-month low of $60.93 and a 12-month high of $88.50.
Dorman Products (NASDAQ:DORM) last issued its earnings results on Friday, October 27th. The auto parts company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). The business had revenue of $224.60 million for the quarter, compared to the consensus estimate of $233.56 million. Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. Dorman Products’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. analysts anticipate that Dorman Products will post 3.34 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in DORM. YorkBridge Wealth Partners LLC boosted its position in shares of Dorman Products by 3.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 41 shares during the period. SG Americas Securities LLC bought a new position in shares of Dorman Products in the second quarter valued at approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dorman Products by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after acquiring an additional 118 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Dorman Products by 10.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after acquiring an additional 139 shares during the period. Finally, Winslow Evans & Crocker Inc. boosted its position in shares of Dorman Products by 1,740.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after acquiring an additional 1,740 shares during the period. Institutional investors own 76.23% of the company’s stock.
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About Dorman Products
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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