In a report released yesterday, Tristan M. Thomas-Martin from BMO Capital maintained a Buy rating on Dorman Products, with a price target of $180.00. The company’s shares closed yesterday at $124.05.
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According to TipRanks, M. Thomas-Martin is a 3-star analyst with an average return of 3.9% and a 52.27% success rate. M. Thomas-Martin covers the Consumer Cyclical sector, focusing on stocks such as Advance Auto Parts, Dorman Products, and LCI Industries.
In addition to BMO Capital, Dorman Products also received a Buy from TipRanks – OpenAI’s OpenAI Auto – Parts in a report issued on January 20. However, on the same day, TipRanks – xAI reiterated a Hold rating on Dorman Products (NASDAQ: DORM).
Based on Dorman Products’ latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $543.74 million and a net profit of $76.42 million. In comparison, last year the company earned a revenue of $503.77 million and had a net profit of $55.25 million
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DORM in relation to earlier this year. Last month, John McKnight, the President of DORM sold 2,000.00 shares for a total of $257,580.00.
