Dorman Products Inc. (NASDAQ:DORM) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $68.33.

DORM has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Jefferies Group reiterated a “hold” rating and set a $75.00 target price on shares of Dorman Products in a research note on Sunday, October 29th. B. Riley reiterated a “neutral” rating and set a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a research note on Wednesday, November 1st. Finally, FBR & Co reiterated a “neutral” rating and set a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a research note on Monday, October 30th.

Dorman Products (NASDAQ DORM) traded down $1.60 during midday trading on Friday, hitting $73.51. 207,197 shares of the stock were exchanged, compared to its average volume of 287,380. Dorman Products has a twelve month low of $60.93 and a twelve month high of $88.50. The firm has a market capitalization of $2,481.97, a PE ratio of 22.21, a P/E/G ratio of 1.77 and a beta of 0.61.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Friday, October 27th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.07). Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The company had revenue of $224.60 million during the quarter, compared to analyst estimates of $233.56 million. During the same period in the prior year, the company earned $0.77 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. sell-side analysts expect that Dorman Products will post 3.34 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in DORM. Schwab Charles Investment Management Inc. grew its position in shares of Dorman Products by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 158,515 shares of the auto parts company’s stock worth $13,121,000 after acquiring an additional 5,579 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Dorman Products during the second quarter worth about $117,000. Victory Capital Management Inc. grew its position in shares of Dorman Products by 17.5% during the second quarter. Victory Capital Management Inc. now owns 2,268 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 338 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dorman Products by 8.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 118 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Dorman Products by 1.9% during the second quarter. Swiss National Bank now owns 52,300 shares of the auto parts company’s stock worth $4,329,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 76.31% of the company’s stock.

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About Dorman Products

Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.

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