The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives $13.56 Average PT from Brokerages

The Duckhorn Portfolio, Inc. (NYSE:NAPA) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $12.94.

Several equities analysts have recently weighed in on the stock. TheStreet upgraded shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a research note on Monday, March 18th. Barclays cut shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $11.00 to $8.00 in a research note on Thursday. Finally, Bank of America cut shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $11.00 to $8.00 in a research note on Tuesday, February 13th.

Insiders Place Their Bets

In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total transaction of $224,750.00. Following the sale, the insider now owns 125,326 shares in the company, valued at approximately $1,126,680.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Deirdre Mahlan sold 29,681 shares of Duckhorn Portfolio stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $9.23, for a total transaction of $273,955.63. Following the sale, the insider now owns 104,590 shares in the company, valued at $965,365.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sean B.A. Sullivan sold 25,000 shares of Duckhorn Portfolio stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total transaction of $224,750.00. Following the sale, the insider now owns 125,326 shares in the company, valued at approximately $1,126,680.74. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duckhorn Portfolio

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new position in shares of Duckhorn Portfolio in the second quarter valued at $31,000. Comerica Bank purchased a new position in shares of Duckhorn Portfolio in the third quarter valued at $31,000. Tower Research Capital LLC TRC grew its holdings in shares of Duckhorn Portfolio by 49.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,797 shares of the company’s stock valued at $55,000 after purchasing an additional 1,264 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Duckhorn Portfolio in the first quarter valued at $70,000. Finally, Point72 Middle East FZE purchased a new position in shares of Duckhorn Portfolio in the second quarter valued at $62,000.

Duckhorn Portfolio Stock Performance

Shares of NYSE NAPA opened at $7.99 on Tuesday. The firm’s 50-day moving average price is $9.06 and its 200-day moving average price is $9.54. Duckhorn Portfolio has a 52-week low of $7.78 and a 52-week high of $15.37. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28. The company has a market cap of $922.13 million, a PE ratio of 14.02, a PEG ratio of 7.25 and a beta of 0.25.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. The firm had revenue of $103.05 million for the quarter, compared to analysts’ expectations of $106.38 million. During the same quarter in the prior year, the business earned $0.17 EPS. As a group, analysts anticipate that Duckhorn Portfolio will post 0.59 EPS for the current year.

About Duckhorn Portfolio

The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.