That’s why I Feel Comfortable With Dorman Products Inc.’s (DORM) Future

As of right now, Dorman Products Inc. [DORM] is trading at $90.42, up 1.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DORM shares have gain 4.71% over the last week, with a monthly amount glided 22.07%, and seem to be holding up well over a long-time horizon.

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On 9, November 2022, Dorman Launches 300+ Repair Solutions Engineered to Save Time and Money for Vehicle Technicians and Owners. In a post published today on Yahoo Finance, Dorman Products, Inc. (NASDAQ:DORM) announced today the release of more than 300 new motor vehicle parts, half of which are first-to-the-aftermarket exclusives. The new products advance Dorman’s mission of providing repair professionals and owners greater freedom to fix passenger, commercial, and recreational vehicles with internal combustion, hybrid, and electric powertrains.

From an analyst’s perspective:

Dorman Products Inc. [NASDAQ: DORM] stock has seen the most recent analyst activity on May 19, 2022, when MKM Partners initiated its Buy rating and assigned the stock a price target of $129. Previously, Barrington Research upgraded its rating to Outperform on February 22, 2022, and kept the price target unchanged to $120. On March 19, 2020, upgrade upgraded it’s rating to Buy. Stephens started tracking the stock assigning a Equal-Weight rating. CL King downgraded its rating to a Neutral. CL King upgraded its rating to Strong Buy for this stock on January 03, 2018. In a note dated October 30, 2017, FBR & Co. reiterated an Neutral rating on this stock and revised its target price from $75 to $65.

Through the last year, Dorman Products Inc.’s stock price ranged from $73.32 to $122.96. Currently, Wall Street analysts expect the stock to reach $99.75 within the next 12 months. Dorman Products Inc. [NASDAQ: DORM] shares were valued at $90.42 at the most recent close of the market. An investor can expect a potential return of 10.32% based on the average DORM price forecast.

Analyzing the DORM fundamentals

For Dorman Products Inc., (DORM), the latest quarter sales were 413.47 billion, which represents an 18.70% increase. Gross Margin for this corporation currently stands at +34.50% with Operating Margin at +12.85%, Pretax Margin comes in at +12.62%, and Net Margin reading is +9.78%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 89.43 points at the first support level, and at 88.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.13, and for the 2nd resistance point, it is at 91.84.

Dorman Products Inc. [DORM] reported earnings per share of $1.17 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.21/share, meaning a difference of -$0.04 and a surprise factor of -3.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.29 per share as compared to estimates of $1.31 per share, a difference of -$0.02 representing a surprise of -1.50%.

Ratios To Look Out For

It is important to note that Dorman Products Inc. [NASDAQ:DORM] has a current ratio of 1.70. Also, the Quick Ratio is 0.82, while the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 2.53, the price to book ratio is 3.61 and the P/E (TTM) ratio is 20.74.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 1 insider buyings of 500 shares and 1 insider sellings of 148 shares. Recent insider trading involved GAVIN JOHN J, Director, that happened on Nov 10 when 3177.0 shares were sold. Senior Vice President, Product, Luftig Eric completed a deal on Oct 26 to buy 500.0 shares. Meanwhile, EVP, Commercial KEALEY MICHAEL sold 10612.0 shares on May 05.