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 brokerages have issued 12 month target prices for Dorman Products' stock. Their DORM share price forecasts range from $87.00 to $118.00. On average, they predict the company's share price to reach $103.00 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
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Dorman Products' stock was trading at $113.01 at the beginning of the year. Since then, DORM stock has decreased by 19.8% and is now trading at $90.66.
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Dorman Products saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 402,000 shares, a decrease of 11.5% from the October 31st total of 454,300 shares. Based on an average trading volume of 115,200 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.5% of the company's stock are sold short.
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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) announced its earnings results on Monday, October, 24th. The auto parts company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The auto parts company had revenue of $413.50 million for the quarter, compared to analyst estimates of $398.47 million. Dorman Products had a net margin of 8.45% and a trailing twelve-month return on equity of 16.43%. The company's revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 earnings per share.

Dorman Products updated its FY 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share (EPS) guidance of $4.70-$4.90 for the period, compared to the consensus earnings per share estimate of $5.12. The company issued revenue guidance of $1.65 billion-$1.69 billion, compared to the consensus revenue estimate of $1.66 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.43%), Vanguard Group Inc. (9.54%), Eaton Vance Management (3.08%), State Street Corp (3.01%), Dimensional Fund Advisors LP (2.60%) and Royce & Associates LP (2.18%). Insiders that own company stock include Eric Luftig, 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 $90.66.

Dorman Products (NASDAQ:DORM) has a market capitalization of $2.85 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.