BidaskClub Lowers Dorman Products (NASDAQ:DORM) to Sell

Share on StockTwits

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

Several other research firms have also recently issued reports on DORM. Zacks Investment Research cut Dorman Products from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. ValuEngine cut Dorman Products from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Dorman Products in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.50.

DORM opened at $70.34 on Friday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. Dorman Products has a 1-year low of $65.68 and a 1-year high of $97.38. The business has a 50 day moving average price of $77.69 and a two-hundred day moving average price of $84.25.

Dorman Products (NASDAQ:DORM) last released its earnings results on Tuesday, July 30th. The auto parts company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.48). The firm had revenue of $254.18 million during the quarter, compared to analyst estimates of $263.68 million. Dorman Products had a return on equity of 16.36% and a net margin of 11.28%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. As a group, research analysts predict that Dorman Products will post 3.33 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of DORM. Royal Bank of Canada boosted its holdings in Dorman Products by 2.2% in the second quarter. Royal Bank of Canada now owns 361,772 shares of the auto parts company’s stock worth $31,525,000 after purchasing an additional 7,847 shares in the last quarter. Eaton Vance Management bought a new stake in Dorman Products in the second quarter worth $9,827,000. BRYN MAWR TRUST Co boosted its holdings in Dorman Products by 0.6% in the second quarter. BRYN MAWR TRUST Co now owns 37,651 shares of the auto parts company’s stock worth $3,281,000 after purchasing an additional 225 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Dorman Products in the second quarter worth $1,037,000. Finally, Nuveen Asset Management LLC bought a new stake in Dorman Products in the second quarter worth $10,195,000. 79.19% of the stock is currently owned by institutional investors.

About Dorman Products

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.

Read More: Why is the ex-dividend date different from the record date?

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

FY2019 EPS Estimates for Fastenal  Cut by Jefferies Financial Group
FY2019 EPS Estimates for Fastenal Cut by Jefferies Financial Group
SITE Centers Corp.  to Post FY2019 Earnings of $1.20 Per Share, Jefferies Financial Group Forecasts
SITE Centers Corp. to Post FY2019 Earnings of $1.20 Per Share, Jefferies Financial Group Forecasts
ANHUI CONCH CEM/ADR  Cut to Sell at Zacks Investment Research
ANHUI CONCH CEM/ADR Cut to Sell at Zacks Investment Research
Robert W. Baird Begins Coverage on Pagerduty
Robert W. Baird Begins Coverage on Pagerduty
Alimera Sciences  Upgraded at Zacks Investment Research
Alimera Sciences Upgraded at Zacks Investment Research
Investment Analysts’ Recent Ratings Updates for Abeona Therapeutics
Investment Analysts’ Recent Ratings Updates for Abeona Therapeutics


© 2006-2019 Ticker Report