Today it was reported that the SVP Sales & Mkt of Dorman Products (DORM), Jeffery Darby, exercised options to buy 4,000 DORM shares at $7.74 a share, for a total transaction value of $30.96K.
Following this transaction Jeffery Darby’s holding in the company was increased by 32.33% to a total of $1.5 million. Following Jeffery Darby’s last DORM Buy transaction on August 09, 2018, the stock climbed by 15.5%.
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Based on Dorman Products’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $248 million and quarterly net profit of $34.02 million. In comparison, last year the company earned revenue of $228 million and had a net profit of $21.97 million. DORM’s market cap is $3.03B and the company has a P/E ratio of 25.14. Currently, Dorman Products has an average volume of 196.2K.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $70.00, reflecting a -24.0% downside.
Jeffery Darby’s trades have generated a -14.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Dorman Products, Inc. engages in the supply of automotive replacement parts, fasteners, and service line products for the automotive aftermarket. Its products comprises of power-train, automotive body, chassis, and hardware. The company was founded by Steven L. Berman in October 1978 and is headquartered in Colmar, PA.
