NASDAQ:DORMDorman Products Stock Price, Forecast & News

$79.56

+5.40 (+7.28 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$76.20

Now: $79.56▼

$80.30

50-Day Range

$57.84

MA: $63.95▼

$74.16

52-Week Range

$44.49

Now: $79.56▼

$89.65

Volume229,549 shs

Average Volume223,080 shs

Market Capitalization$2.58 billion

P/E Ratio31.20

Dividend YieldN/A

Beta0.79

Dorman Products, Inc. supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts. The company also provides automotive replacement parts comprising door handles, keyless remotes and cases, and door hinge repairs; and heavy duty aftermarket parts for class 4-8 vehicles comprising lighting, cooling, engine management, and cab products. In addition, it offers solutions for rugged duty and fleet applications; replacement chassis part solutions; brake hardware products; electrical components; and application specific repair hardware products. The company provides its products under the OE Solutions, HELP!, HD Solutions, Premium Chassis, Premium, Premium RD, MAS, FirstStop, ConductTite, and AutoGrade brands through automotive aftermarket retailers, local independent parts wholesalers, national general merchandise chain retailers, mass merchants, salvage yards, and the parts distribution systems of parts manufacturers. Dorman Products, Inc. was founded in 1978 and is headquartered in Colmar, Pennsylvania.

Beat the Market (BTM) Rank^™

1.1 Analyst's Opinion

Consensus Rating
Dorman Products has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $57.50, Dorman Products has a potential downside of 27.7% from its current price of $79.56.
Amount of Analyst Coverage
Dorman Products has only been the subject of 3 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Dorman Products has received 279 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Dorman Products has received 404 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Dorman Products has received 59.15% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Dorman Products and other stocks. Vote “Outperform” if you believe DORM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe DORM will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Dorman Products does not currently pay a dividend.
Dividend Growth
Dorman Products does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dorman Products insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 11.10% of the stock of Dorman Products is held by insiders.
Percentage Held by Institutions
78.60% of the stock of Dorman Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Dorman Products are expected to grow by 21.46% in the coming year, from $2.47 to $3.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dorman Products is 31.20, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dorman Products is 31.20, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 15.48.
Price to Book Value per Share Ratio
Dorman Products has a P/B Ratio of 3.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.08 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Motor vehicle parts & accessories

Sub-IndustryAuto Parts & Equipment

SectorAuto/Tires/Trucks

Current SymbolNASDAQ:DORM

Previous Symbol

CUSIP25827810

CIK868780

Webwww.dormanproducts.com

Phone215-997-1800

Debt

Debt-to-Equity Ratio0.04

Current Ratio2.72

Quick Ratio1.89

Price-To-Earnings

Trailing P/E Ratio31.20

Forward P/E Ratio32.21

P/E GrowthN/A

Sales & Book Value

Annual Sales$991.33 million

Price / Sales2.60

Cash Flow$3.80 per share

Price / Cash Flow20.95

Book Value$23.60 per share

Price / Book3.37

Profitability

EPS (Most Recent Fiscal Year)$2.65

Net Income$83.76 million

Net Margins8.27%

Return on Equity10.66%

Return on Assets7.79%

Miscellaneous

Employees2,742

Outstanding Shares32,443,000

Market Cap$2.58 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Dorman Products (NASDAQ:DORM) Frequently Asked Questions

How has Dorman Products' stock been impacted by COVID-19 (Coronavirus)?

Dorman Products' stock was trading at $60.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DORM stock has increased by 31.7% and is now trading at $79.56. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Dorman Products?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dorman Products in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Dorman Products.

When is Dorman Products' next earnings date?

Dorman Products is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Dorman Products.

How were Dorman Products' earnings last quarter?

Dorman Products Inc. (NASDAQ:DORM) released its quarterly earnings data on Monday, April, 27th. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.65 by $0.01. The auto parts company earned $257.70 million during the quarter, compared to analysts' expectations of $236.09 million. Dorman Products had a return on equity of 10.66% and a net margin of 8.27%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. View Dorman Products' earnings history.

What price target have analysts set for DORM?

4 brokers have issued 1-year price objectives for Dorman Products' shares. Their forecasts range from $55.00 to $60.00. On average, they anticipate Dorman Products' stock price to reach $57.50 in the next twelve months. This suggests that the stock has a possible downside of 27.7%. View analysts' price targets for Dorman Products.

What are Wall Street analysts saying about Dorman Products stock?

Here are some recent quotes from research analysts about Dorman Products stock:

1. According to Zacks Investment Research, "Dorman Products, Inc. is a leading supplier of Dealer Exclusive replacement parts to the Automotive, Medium and Heavy Duty Aftermarkets. Dorman products are marketed under the Dorman, OE Solutions, HELP!, AutoGrade, First Stop, Conduct-Tite, TECHoice, Dorman Hybrid Drive Batteries and Dorman HD Solutions brand names. " (6/1/2020)
2. Barrington Research analysts commented, "We expect that expenses and related inefficiencies will diminish as we work our way through 2019. Over the longer term, the new facility in Tennessee should be a benefit to DORM in that it expands capacity through an increase in square footage of 60% and should be more efficient to operate versus DORM’s legacy distribution facility." (7/29/2019)

Has Dorman Products been receiving favorable news coverage?

News coverage about DORM stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Dorman Products earned a news sentiment score of 0.7 on InfoTrie's scale. They also gave headlines about the auto parts company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutDorman Products.

Are investors shorting Dorman Products?

Dorman Products saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,970,000 shares, an increase of 6.5% from the April 15th total of 1,850,000 shares. Based on an average trading volume of 235,900 shares, the days-to-cover ratio is currently 8.4 days. Currently, 7.4% of the shares of the company are sold short. View Dorman Products' Current Options Chain.

Who are some of Dorman Products' key competitors?

Some companies that are related to Dorman Products include Aptiv (APTV), BorgWarner (BWA), Lear (LEA), Gentex (GNTX), Allison Transmission (ALSN), LCI Industries (LCII), Dana (DAN), Visteon (VC), Gentherm (THRM), American Axle & Manufact. (AXL), Standard Motor Products (SMP), Tower International (TOWR), Tenneco (TEN), Spartan Motors (SPAR) and Stoneridge (SRI). View all competitors.

What other stocks do shareholders of Dorman Products own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dorman Products investors own include Intel (INTC), AbbVie (ABBV), IBM (IBM), Exxon Mobil (XOM), Gilead Sciences (GILD), General Motors (GM), Verizon Communications (VZ), Cisco Systems (CSCO), Walt Disney (DIS) and Ford Motor (F).

Who are Dorman Products' key executives?

Dorman Products' management team includes the following people:

Mr. Steven L. Berman, Founder, Exec. Chairman, Sec. & Treasurer (Age 59)
Mr. Kevin M. Olsen, Pres, CEO & Director (Age 47)
Mr. Jeffery L. Darby, Sr. VP of Sales & Marketing (Age 51)
Mr. Michael B. Kealey, Exec. VP of Commercial (Age 44)
Mr. Michael P. Ginnetti, VP & Corp. Controller (Age 42)

What is Dorman Products' stock symbol?

Dorman Products trades on the NASDAQ under the ticker symbol "DORM."

Who are Dorman Products' major shareholders?

Dorman Products' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.81%), State Street Corp (2.73%), Conestoga Capital Advisors LLC (2.51%), Anchor Capital Advisors LLC (2.12%), Atlanta Capital Management Co. L L C (2.06%) and Lord Abbett & CO. LLC (1.77%). Company insiders that own Dorman Products stock include Jeffery Darby, Mathias J Barton and Paul R Lederer. View institutional ownership trends for Dorman Products.

Which institutional investors are selling Dorman Products stock?

DORM stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, BlackRock Inc., Lord Abbett & CO. LLC, Atlanta Capital Management Co. L L C, Bank of New York Mellon Corp, Wasatch Advisors Inc., Morgan Stanley, and Morgan Stanley. View insider buying and selling activity for Dorman Products.

Which institutional investors are buying Dorman Products stock?

DORM stock was bought by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, State Street Corp, Aviva PLC, Invesco Ltd., Geode Capital Management LLC, FDx Advisors Inc., FDx Advisors Inc., and GW&K Investment Management LLC. View insider buying and selling activity for Dorman Products.

How do I buy shares of Dorman Products?

Shares of DORM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Dorman Products' stock price today?

One share of DORM stock can currently be purchased for approximately $79.56.

How big of a company is Dorman Products?

Dorman Products has a market capitalization of $2.58 billion and generates $991.33 million in revenue each year. The auto parts company earns $83.76 million in net income (profit) each year or $2.65 on an earnings per share basis. Dorman Products employs 2,742 workers across the globe.

What is Dorman Products' official website?

The official website for Dorman Products is www.dormanproducts.com.

How can I contact Dorman Products?

Dorman Products' mailing address is 3400 East Walnut Street, Colmar PA, 18915. The auto parts company can be reached via phone at 215-997-1800 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff