Dorman Products - DORM Stock Forecast, Price & News

4 Wall Street 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 analysts is that investors should "buy" DORM shares.
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4 analysts have issued 12 month price objectives for Dorman Products' shares. Their DORM share price forecasts range from $90.00 to $130.00. On average, they anticipate the company's share price to reach $112.67 in the next twelve months. This suggests a possible upside of 33.8% 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 4.1% and is now trading at $84.20.
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Dorman Products saw a increase in short interest in March. As of March 15th, there was short interest totaling 427,000 shares, an increase of 23.6% from the February 28th total of 345,400 shares. Based on an average daily volume of 105,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 1.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
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Dorman Products, Inc. (NASDAQ:DORM) issued its quarterly earnings results on Tuesday, February, 28th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The auto parts company earned $501.30 million during the quarter, compared to analyst estimates of $442.65 million. Dorman Products had a net margin of 7.01% and a trailing twelve-month return on equity of 14.96%. The firm's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.33 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), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), SPDR S&P 600 Small Cap Growth ETF (SLYG), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), iShares S&P Small-Cap 600 Growth ETF (IJT), Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS), Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL) and iShares ESG Screened S&P Small-Cap ETF (XJR).

Dorman Products issued an update on its FY23 earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of $5.15-$5.35 for the period, compared to the consensus earnings per share estimate of $5.23. The company issued revenue guidance of $1.95-$2.00 billion, compared to the consensus revenue estimate of $1.96 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 retail and institutional investors. Top institutional shareholders include Morgan Stanley (5.96%), T. Rowe Price Investment Management Inc. (3.11%), Dimensional Fund Advisors LP (2.62%), Geneva Capital Management LLC (1.84%), GW&K Investment Management LLC (1.75%) and abrdn plc (1.71%). 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 $84.20.

Dorman Products (NASDAQ:DORM) has a market capitalization of $2.65 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 $3.85 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.