Dorman Products (DORM) Stock Forecast, Price & News

4 Wall Street equities 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 equities research analysts is that investors should "buy" DORM shares.
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4 analysts have issued 12-month target prices for Dorman Products' shares. Their DORM share price forecasts range from $90.00 to $127.00. On average, they predict the company's stock price to reach $111.67 in the next year. This suggests a possible upside of 31.6% 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 increased by 4.9% and is now trading at $84.87.
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Dorman Products saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 419,900 shares, an increase of 12.5% from the April 30th total of 373,100 shares. Based on an average daily trading volume, of 96,900 shares, the days-to-cover ratio is presently 4.3 days. Approximately 1.6% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our DORM earnings forecast.

Dorman Products, Inc. (NASDAQ:DORM) issued its earnings results on Tuesday, May, 2nd. The auto parts company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.38. The auto parts company had revenue of $466.74 million for the quarter, compared to analysts' expectations of $487.43 million. Dorman Products had a trailing twelve-month return on equity of 12.38% and a net margin of 5.12%. Dorman Products's revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 earnings per share.

ETFs with the largest weight of Dorman Products (NASDAQ:DORM) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), SPDR S&P 600 Small Cap Growth ETF (SLYG), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), iShares S&P Small-Cap 600 Growth ETF (IJT), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), First Trust Nasdaq Transportation ETF (FTXR), Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and iShares ESG Screened S&P Small-Cap ETF (XJR).

Dorman Products issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $5.15-$5.35 for the period, compared to the consensus EPS estimate of $5.20. The company issued revenue guidance of $1.95 billion-$2.00 billion, compared to the consensus revenue estimate of $2.00 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 trades on the NASDAQ under the ticker symbol "DORM."

Dorman Products' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.45%), State Street Corp (3.03%), Dimensional Fund Advisors LP (2.70%), Ameriprise Financial Inc. (2.14%), Royce & Associates LP (1.95%) and GW&K Investment 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.
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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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One share of DORM stock can currently be purchased for approximately $84.87.

Dorman Products (NASDAQ:DORM) has a market capitalization of $2.67 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 $2.92 on an earnings per share basis.

The company employs 3,786 workers across the globe.

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.