Dorman Products - DORM Stock Forecast, Price & News

3 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DORM shares.
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3 analysts have issued twelve-month price targets for Dorman Products' shares. Their DORM share price forecasts range from $87.00 to $118.00. On average, they expect the company's stock price to reach $103.00 in the next year. This suggests a possible upside of 3.1% 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 stock has increased by 23.5% and is now trading at $99.87.
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Dorman Products saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 341,600 shares, a decrease of 19.6% from the December 31st total of 424,900 shares. Based on an average daily trading volume, of 106,600 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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Dorman Products, Inc. (NASDAQ:DORM) posted its quarterly earnings results on Sunday, October, 24th. The auto parts company reported $1.18 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by $0.04. The auto parts company had revenue of $348.40 million for the quarter, compared to the consensus estimate of $329.89 million. Dorman Products had a net margin of 8.45% and a trailing twelve-month return on equity of 16.43%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share.

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 Pembroke Management LTD (0.97%), Tributary Capital Management LLC (0.65%), Leeward Investments LLC MA (0.51%), RK Asset Management LLC (0.12%), Natixis Advisors L.P. (0.09%) and Bridge City Capital LLC (0.07%). Insiders that own company stock include Eric Luftig, James Darrell Thomas, Jeffery Darby, John J Gavin and Michael Kealey.
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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 $99.87.

Dorman Products (NASDAQ:DORM) has a market capitalization of $3.14 billion and generates $1.35 billion in revenue each year. The auto parts company earns $131.53 million in net income (profit) each year or $4.35 on an earnings per share basis.

The company employs 3,360 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.