Dorman Products (DORM) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dorman Products in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DORM shares.
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3 analysts have issued 12-month price targets for Dorman Products' shares. Their DORM share price targets range from $90.00 to $127.00. On average, they expect the company's share price to reach $108.50 in the next year. This suggests a possible upside of 45.0% from the stock's current price.
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Dorman Products' stock was trading at $80.87 at the start of the year. Since then, DORM shares have decreased by 7.5% and is now trading at $74.82.
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Dorman Products saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 298,100 shares, an increase of 15.6% from the October 31st total of 257,900 shares. Based on an average trading volume of 110,100 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.1% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our DORM earnings forecast.

Dorman Products, Inc. (NASDAQ:DORM) issued its quarterly earnings results on Tuesday, October, 31st. The auto parts company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.60 by $0.20. The auto parts company had revenue of $488.20 million for the quarter, compared to the consensus estimate of $484.18 million. Dorman Products had a trailing twelve-month return on equity of 11.66% and a net margin of 5.00%. The company's quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS.

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).

Dorman Products issued an update on its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided EPS guidance of $4.35-$4.55 for the period, compared to the consensus estimate of $5.13. The company issued revenue guidance of $1.93 billion-$1.95 billion, compared to the consensus revenue estimate of $1.98 billion.

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.

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).

Dorman Products' stock is owned by many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (7.22%), Invesco Ltd. (1.64%), Ameriprise Financial Inc. (1.52%), Northern Trust Corp (1.48%), Loomis Sayles & Co. L P (1.27%) and abrdn plc (1.08%). Insiders that own company stock include Eric Luftig, G Michael Stakias, James Darrell Thomas, Jeffery Darby, John J Gavin, Michael Kealey and Steven L Berman.
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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.
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