NASDAQ:DORM

Dorman Products (DORM) Stock Forecast, Price & News

$73.89

-2.20 (-2.89%)

(As of 09/22/2023 ET)

Compare

Today's Range: $73.33
▼
$76.56
50-Day Range: $76.09
▼
$89.99
52-Week Range: $73.32
▼
$102.25

Volume: 117,518 shs
Average Volume: 97,325 shs
Market Capitalization: $2.33 billion

P/E Ratio: 26.77
Dividend Yield: N/A
Price Target: $111.67

Dorman Products MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 51.1% Upside
$111.67 Price Target
Short Interest: Healthy
1.33% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.21
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 17.44%
From $5.16 to $6.06 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Auto/Tires/Trucks Sector

22nd out of 90 stocks

Motor Vehicle Parts & Accessories Industry

11th out of 31 stocks

3.4

Analyst's Opinion

Consensus Rating
Dorman Products has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $111.67, Dorman Products has a forecasted upside of 51.1% from its current price of $73.89.
Amount of Analyst Coverage
Dorman Products has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.33% of the float of Dorman Products has been sold short.
Short Interest Ratio / Days to Cover
Dorman Products has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Dorman Products has recently decreased by 3.18%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Dorman Products does not currently pay a dividend.
Dividend Growth
Dorman Products does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DORM.

1.2

News and Social Media Coverage

News Sentiment
Dorman Products has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Dorman Products this week, compared to 3 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dorman Products insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.30% of the stock of Dorman Products is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
76.23% of the stock of Dorman Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Dorman Products are expected to grow by 17.44% in the coming year, from $5.16 to $6.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dorman Products is 26.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dorman Products is 26.77, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 12.23.
Price to Book Value per Share Ratio
Dorman Products has a P/B Ratio of 2.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Dorman Products (NASDAQ:DORM) Stock

Dorman Products, Inc. supplies replacement and upgrade parts for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers powertrain product, including intake and exhaust manifolds, cooling products, harmonic balancers, fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, and other engine, and transmission and axle components; chassis products comprising control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, leaf springs, and other suspension, steering, and brake components; motor vehicle body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; and hardware products comprising threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise. The company also provides loaded backing plates, drive shafts, windshield wiper and transmission assemblies; window regulators, suspension components, door lock actuators, and body panel repair kits; and leaf springs, intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, UTV windshields, and complex electronics modules. It offers its products under the Dorman, Dayton Parts, SuperATV, HELP!, Conduct-Tite, Keller Performance Products, Assault Industries, Gboost, and GDP brands through retail stores, website and customers' websites, and dealers and warehouse distributors. The company was founded in 1918 and is headquartered in Colmar, Pennsylvania.

DORM Price History

30 days | 90 days | 365 days | Advanced Chart

DORM Stock News Headlines

September 18, 2023 | msn.com

South Dakota is 'inflation plus $5K' away from 'great' teacher compensation, school official says

September 18, 2023 | msn.com

Dorman Products: Pressured By Its M&A Overhang

September 22, 2023 | The Oxford Club (Ad)

Better Than Oil Stocks?

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 17, 2023 | msn.com

Dorman Products: Getting Closer To Pulling The Trigger

September 13, 2023 | americanbankingnews.com

Dorman Products (NASDAQ:DORM) & PHINIA (NYSE:PHIN) Head-To-Head Survey

September 11, 2023 | finance.yahoo.com

Summit Racing Equipment Offers Premium OEM Replacement Parts for Cars, Trucks, and SUVs

September 8, 2023 | msn.com

New market re-opens under new management in Topsail Beach

August 31, 2023 | markets.businessinsider.com

Barrington Reaffirms Their Buy Rating on Dorman Products (DORM)

September 22, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

August 27, 2023 | businessinsider.com

NYT's Maggie Haberman says Trump gave a 'menacing' stare in his mugshot because he 'doesn't want to look weak'

August 18, 2023 | msn.com

Quality Jewelers hosts sing-off for Train tickets

August 15, 2023 | finance.yahoo.com

Dorman Products (NASDAQ:DORM) shareholders have lost 20% over 1 year, earnings decline likely the culprit

August 2, 2023 | markets.businessinsider.com

Dorman Products (DORM) Receives a Rating Update from a Top Analyst

August 2, 2023 | finance.yahoo.com

Elevated Freight and Material Costs Affected Dorman Products (DORM)

August 1, 2023 | finance.yahoo.com

Dorman Products, Inc. Reports Second Quarter 2023 Results

July 28, 2023 | finance.yahoo.com

Dorman introduces hundreds of new products, including 151 aftermarket exclusives and dozens of upgraded OE FIX™ repair solutions

July 22, 2023 | msn.com

International Brakes, Master Cylinder Woes And Ford Flywheels

July 21, 2023 | msn.com

At what PSI should my 2002 Honda Accord's spare tire be set? | Car Doctor

July 19, 2023 | finance.yahoo.com

Motorcar Parts (MPAA) Soars 5.4%: Is Further Upside Left in the Stock?

July 18, 2023 | finance.yahoo.com

Dorman Products, Inc. Announces Date to Report Second Quarter 2023 Financial Results

July 5, 2023 | msn.com

Gag order put in place during court hearing for Clermont County man accused of killing 3 sons

July 2, 2023 | msn.com

Dorman Products: The Growth Stock That Nobody Knew

June 29, 2023 | finance.yahoo.com

Strength Seen in Motorcar Parts (MPAA): Can Its 16.6% Jump Turn into More Strength?

June 22, 2023 | marketwatch.com

18-Year-Old ‘Barrier Buster’ Riley Schlick-Trask Wins Grand Prize in TechForce’s 2023 Techs Rock Awards™

June 21, 2023 | msn.com

Dorman's Aluminum Oil Filter Housing for Pentastar Engines Is the Last One You'll Ever Need

June 20, 2023 | technews.tmcnet.com

18-Year-Old 'Barrier Buster' Riley Schlick-Trask Wins Grand Prize in TechForce's 2023 Techs Rock Awards™

June 12, 2023 | businesswire.com

Category Winners Announced and Vote Opens for Grand Prize in TechForce’s 2023 Techs Rock Awards™

See More Headlines

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DORM Company Calendar

Last Earnings: 8/01/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/23/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Motor vehicle parts & accessories
Sub-Industry: Auto Parts & Equipment
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:DORM
CUSIP: 25827810
CIK: 868780
Web: www.dormanproducts.com
Phone: (215) 997-1800
Fax: 215-997-1741
Employees: 3,786
Year Founded: 1918

Price Target and Rating

Average Stock Price Forecast: $111.67
High Stock Price Forecast: $127.00
Low Stock Price Forecast: $90.00
Forecasted Upside/Downside: +49.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.76
Trailing P/E Ratio: 26.99
Forward P/E Ratio: 14.44
P/E Growth: N/A
Net Income: $121.55 million
Net Margins: 4.67%
Pretax Margin: 6.02%
Return on Equity: 11.27%
Return on Assets: 5.46%

Debt

Debt-to-Equity Ratio: 0.44
Current Ratio: 2.08
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: $1.73 billion
Price / Sales: 1.35
Cash Flow: $5.93 per share
Price / Cash Flow: 12.56
Book Value: $33.19 per share
Price / Book: 2.24

Miscellaneous

Outstanding Shares: 31,490,000
Free Float: 28,245,000
Market Cap: $2.35 billion
Optionable: Optionable
Beta: 0.53

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Key Executives

Mr. Steven L. Berman (Age 63)
Founder & Non-Exec. Chairman
Comp: $963.55k

Mr. Kevin M. Olsen (Age 51)
Pres, CEO & Director
Comp: $1.14M

Mr. David M. Hession (Age 54)
Sr. VP, CFO & Treasurer
Comp: $601.05k

Mr. Joseph P. Braun (Age 49)
Sr. VP, Gen. Counsel & Sec.
Comp: $529.28k

Mr. Jeffery L. Darby (Age 55)
Sr. VP of Sales & Marketing
Comp: $540.08k

Mr. John McKnight (Age 54)
Pres of Heavy Duty
Comp: $532.76k

Ms. Donna M. Long (Age 55)
Sr. VP & CIO

Mr. Brian J. Borradaile
Sr. VP of Strategy & Corp. Devel.

Mr. Scott D. Leff (Age 51)
Sr. VP & Chief HR Officer

Mr. Eric B. Luftig (Age 49)
Sr. VP of Product

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DORM Stock - Frequently Asked Questions

Should I buy or sell Dorman Products stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dorman Products in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DORM shares.
View DORM analyst ratings or view top-rated stocks.
What is Dorman Products' stock price forecast for 2023?: 4 brokerages have issued 12 month target prices for Dorman Products' stock. Their DORM share price forecasts range from $90.00 to $127.00. On average, they expect the company's stock price to reach $111.67 in the next year. This suggests a possible upside of 49.9% from the stock's current price.
View analysts price targets for DORM or view top-rated stocks among Wall Street analysts.
How have DORM shares performed in 2023?: Dorman Products' stock was trading at $80.87 on January 1st, 2023. Since then, DORM shares have decreased by 7.9% and is now trading at $74.50.
View the best growth stocks for 2023 here.
When is Dorman Products' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our DORM earnings forecast.
How were Dorman Products' earnings last quarter?: Dorman Products, Inc. (NASDAQ:DORM) announced its earnings results on Tuesday, August, 1st. The auto parts company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by $0.03. The auto parts company earned $480.57 million during the quarter, compared to the consensus estimate of $497.07 million. Dorman Products had a net margin of 4.67% and a trailing twelve-month return on equity of 11.27%. Dorman Products's revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share.
What ETFs hold Dorman Products' stock?: ETFs with the largest weight of Dorman Products (NASDAQ:DORM) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and First Trust Nasdaq Transportation ETF (FTXR).SPDR S&P 600 Small Cap ETF (SLY).
What guidance has Dorman Products issued on next quarter's earnings?: Dorman Products issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $5.15-$5.35 for the period, compared to the consensus estimate of $5.14. The company issued revenue guidance of $1.95 billion-$2.00 billion, compared to the consensus revenue estimate of $2.00 billion.
What is Kevin M. Olsen's approval rating as Dorman Products' CEO?: 0 employees have rated Dorman Products Chief Executive Officer Kevin M. Olsen on Glassdoor.com. Kevin M. Olsen has an approval rating of 65% among the company's employees. 48.0% of employees surveyed would recommend working at Dorman Products to a friend.

What other stocks do shareholders of Dorman Products own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Dorman Products investors own include AbbVie (ABBV), Intel (INTC), Exxon Mobil (XOM), International Business Machines (IBM), Gilead Sciences (GILD), Wells Fargo & Company (WFC), Abbott Laboratories (ABT), General Motors (GM), JPMorgan Chase & Co. (JPM) and 3M (MMM).
What is Dorman Products' stock symbol?: Dorman Products trades on the NASDAQ under the ticker symbol "DORM."
Who are Dorman Products' major shareholders?: Dorman Products' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (13.32%), State Street Corp (3.06%), Dimensional Fund Advisors LP (2.90%), Royce & Associates LP (2.01%), Geneva Capital Management LLC (1.87%) and Geode Capital Management LLC (1.76%). Insiders that own company stock include Eric Luftig, James Darrell Thomas, Jeffery Darby, John J Gavin, Michael Kealey and Steven L Berman.
View institutional ownership trends.
How do I buy shares of Dorman Products?: Shares of DORM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Dorman Products' stock price today?: One share of DORM stock can currently be purchased for approximately $74.50.
How much money does Dorman Products make?: Dorman Products (NASDAQ:DORM) has a market capitalization of $2.35 billion and generates $1.73 billion in revenue each year. The auto parts company earns $121.55 million in net income (profit) each year or $2.76 on an earnings per share basis.
How many employees does Dorman Products have?: The company employs 3,786 workers across the globe.
Does Dorman Products have any subsidiaries?: The following companies are subsidiares of Dorman Products: RB Distribution Inc., and RB Management Inc..
Read More
How can I contact Dorman Products?: Dorman Products' mailing address is 3400 East Walnut Street, Colmar PA, 18915. The official website for the company is www.dormanproducts.com. The auto parts company can be reached via phone at (215) 997-1800, via email at investorrelations@dormanproducts.com, or via fax at 215-997-1741.

This page (NASDAQ:DORM) was last updated on 9/22/2023 by MarketBeat.com Staff

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