Dorman Products - DORM Stock Forecast, Price & News

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 "buy" DORM shares.
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3 equities research analysts have issued 1 year price objectives for Dorman Products' shares. 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 10.3% from the stock's current price.
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Dorman Products' stock was trading at $80.87 on January 1st, 2023. Since then, DORM stock has increased by 15.5% and is now trading at $93.39.
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Dorman Products saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 341,600 shares, a decline of 19.6% from the December 31st total of 424,900 shares. Based on an average daily volume of 106,600 shares, the short-interest ratio is presently 3.2 days. Currently, 1.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our DORM earnings forecast.

Dorman Products, Inc. (NASDAQ:DORM) released its quarterly earnings results on Sunday, October, 24th. The auto parts company reported $1.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by $0.04. The auto parts company earned $348.40 million during the quarter, compared to analysts' expectations 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 company's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS.

Dorman Products issued an update on its FY 2022 earnings guidance on Tuesday, November, 1st. The company provided EPS guidance of $4.70-$4.90 for the period, compared to the consensus 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 variety of institutional and retail investors. Top institutional investors include RK Asset Management LLC (0.12%), Bridge City Capital LLC (0.07%), Stephens Inc. AR (0.07%), State of Alaska Department of Revenue (0.06%), Comerica Bank (0.06%) and Yousif Capital Management LLC (0.06%). 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 $93.39.

Dorman Products (NASDAQ:DORM) has a market capitalization of $2.93 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.