Stock Mover of The Day: What’s Dorman Products Inc. Upside After Achieving All-Time High?

Stock Mover of The Day: What's Dorman Products Inc. Upside After Achieving All Time High?

The stock of Dorman Products Inc. (NASDAQ:DORM) reached all time high today, Nov, 29 and still has $77.78 target or 9.00% above today’s $71.36 share price. This indicates more upside for the $2.46 billion company. This technical setup was reported by Barchart.com. If the $77.78 PT is reached, the company will be worth $221.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 53,527 shares traded hands. Dorman Products Inc. (NASDAQ:DORM) has risen 32.88% since April 26, 2016 and is uptrending. It has outperformed by 27.62% the S&P500.

Analysts await Dorman Products Inc. (NASDAQ:DORM) to report earnings on February, 15. They expect $0.77 EPS, up 14.93% or $0.10 from last year’s $0.67 per share. DORM’s profit will be $26.54 million for 23.17 P/E if the $0.77 EPS becomes a reality. After $0.77 actual EPS reported by Dorman Products Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Dorman Products Inc. (NASDAQ:DORM) Ratings Coverage

Out of 6 analysts covering Dorman Products (NASDAQ:DORM), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Dorman Products has been the topic of 7 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, December 23 by Sidoti. The stock has “Outperform” rating given by Barrington Research on Wednesday, October 14. The firm has “Hold” rating given on Thursday, October 15 by BB&T Capital. The firm earned “Outperform” rating on Thursday, October 29 by FBR Capital. The stock of Dorman Products Inc. (NASDAQ:DORM) earned “Neutral” rating by B. Riley & Co on Thursday, February 18. On Wednesday, July 27 the stock rating was maintained by Jefferies with “Hold”. The company was initiated on Tuesday, October 20 by Jefferies.

According to Zacks Investment Research, “R&B, Inc. is a leading supplier of OE Dealer Exclusive automotive replacement parts, automotive hardware, brake products, and household hardware to the Automotive Aftermarket and Mass Merchandise markets. Dorman automotive parts and hardware are marketed under the OE Solutions, HELP, AutoGrade, First Stop, Conduct-Tite, Pik-A-Nut and Scan-Tech brand names.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.24, from 1.18 in 2016Q1. The ratio is negative, as 15 funds sold all Dorman Products Inc. shares owned while 61 reduced positions. 26 funds bought stakes while 64 increased positions. They now own 25.64 million shares or 2.29% less from 26.25 million shares in 2016Q1.
Commercial Bank Of America De, a North Carolina-based fund reported 225,605 shares. Atlanta Capital Mgmt L L C accumulated 0.26% or 682,724 shares. Principal Gru Inc holds 0.02% of its portfolio in Dorman Products Inc. (NASDAQ:DORM) for 218,037 shares. Congress Asset Mgmt Ma holds 755,020 shares or 1% of its portfolio. Rhumbline Advisers reported 34,578 shares or 0.01% of all its holdings. Bb&T Securities Ltd last reported 0% of its portfolio in the stock. Sei Investments Co has 0% invested in the company for 9,409 shares. Carroll Fincl reported 106 shares or 0% of all its holdings. Bancshares Of Montreal Can holds 0% or 60,001 shares in its portfolio. Johnson Gru accumulated 550 shares or 0% of the stock. Great Lakes Advsrs Ltd Limited Liability Company accumulated 0.13% or 85,248 shares. Finemark Bancorp And Trust owns 1,280 shares or 0.01% of their US portfolio. Moreover, Pinebridge L P has 0.01% invested in Dorman Products Inc. (NASDAQ:DORM) for 3,819 shares. Swiss Savings Bank reported 51,000 shares or 0% of all its holdings. Weatherbie Cap Limited Company has 72,915 shares for 0.59% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 4 selling transactions for $222,242 net activity. On Wednesday, June 15 the insider KEALEY MICHAEL sold $147,099. LEDERER PAUL R had sold 500 shares worth $31,275 on Friday, August 26. 200 shares were sold by BARTON MATHIAS J, worth $12,508 on Friday, August 26. Another trade for 490 shares valued at $31,360 was made by DARBY JEFFERY on Friday, September 2. Another trade for 2,750 shares valued at $151,003 was made by LEVIN EDGAR W on Tuesday, May 31.

More recent Dorman Products Inc. (NASDAQ:DORM) news were published by: Fool.com which released: “Dorman Products Inc. Overcomes Obstacles to Drive Strong Earnings Growth” on July 26, 2016. Also Fool.com published the news titled: “Dorman Products Looks Forward to a Brighter Future” on October 26, 2016. Fool.com‘s news article titled: “Dorman Products Revs Up Its Earnings Engines” with publication date: February 17, 2016 was also an interesting one.

DORM Company Profile

Dorman Products, Inc. (Dorman), incorporated on October 16, 1978, is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. The Firm distributes and markets approximately 150,000 various stock keeping units (SKU’s) of automotive replacement parts and fasteners. Approximately 84% of the Company’s products are sold under brands that it owns and the remaining products are sold for resale under customers’ private labels, other brands or in bulk. The Company’s products are sold in the United States through automotive aftermarket retailers, (such as Advance Auto Parts, AutoZone and O’Reilly Auto Parts), national, regional and local warehouse distributors, (such as Genuine Parts Co. – NAPA) and specialty markets, and salvage yards. It also distributes automotive replacement parts internationally.

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