BidaskClub Lowers Dorman Products (NASDAQ:DORM) to Sell

Share on StockTwits

Dorman Products (NASDAQ:DORM) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday, BidAskClub reports.

DORM has been the topic of several other reports. Zacks Investment Research cut German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. ValuEngine cut Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Dorman Products currently has a consensus rating of “Hold” and a consensus target price of $56.50.

DORM stock opened at $81.84 on Friday. Dorman Products has a 1-year low of $65.68 and a 1-year high of $97.38. The company has a market cap of $2.70 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.42 and a beta of 0.62. The business has a 50 day simple moving average of $84.79.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, April 29th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.17). The firm had revenue of $243.80 million for the quarter, compared to analysts’ expectations of $248.09 million. Dorman Products had a return on equity of 18.77% and a net margin of 12.76%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, sell-side analysts expect that Dorman Products will post 4.43 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of DORM. Captrust Financial Advisors raised its holdings in shares of Dorman Products by 90.7% during the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 196 shares in the last quarter. Private Capital Group LLC raised its holdings in shares of Dorman Products by 22.3% during the 1st quarter. Private Capital Group LLC now owns 725 shares of the auto parts company’s stock worth $64,000 after acquiring an additional 132 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Dorman Products during the 1st quarter worth approximately $86,000. Coldstream Capital Management Inc. purchased a new stake in shares of Dorman Products during the 4th quarter worth approximately $221,000. Finally, MML Investors Services LLC purchased a new stake in shares of Dorman Products during the 4th quarter worth approximately $236,000. 81.05% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Company Profile

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.

Further Reading: Trading Strategy Methods and Types

Receive News & Ratings for Dorman Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Slack  Earns Neutral Rating from Analysts at Credit Suisse Group
Slack Earns Neutral Rating from Analysts at Credit Suisse Group
Slack  Coverage Initiated by Analysts at Morgan Stanley
Slack Coverage Initiated by Analysts at Morgan Stanley
Solaris Oilfield Infrastructure  Coverage Initiated by Analysts at Citigroup
Solaris Oilfield Infrastructure Coverage Initiated by Analysts at Citigroup
Tanger Factory Outlet Centers  Upgraded to “Hold” at Zacks Investment Research
Tanger Factory Outlet Centers Upgraded to “Hold” at Zacks Investment Research
Sterling Bancorp  Coverage Initiated at B. Riley
Sterling Bancorp Coverage Initiated at B. Riley
Restoration Hardware  Upgraded by ValuEngine to “Hold”
Restoration Hardware Upgraded by ValuEngine to “Hold”


© 2006-2019 Ticker Report