The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $13.56.

NAPA has been the subject of a number of analyst reports. TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. BMO Capital Markets lowered their price target on Duckhorn Portfolio from $13.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, December 11th. Bank of America lowered Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $11.00 to $8.00 in a research note on Tuesday, February 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 target price on shares of Duckhorn Portfolio in a research note on Thursday, December 7th. Finally, Barclays increased their target price on Duckhorn Portfolio from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Friday, December 8th.

Insider Activity at Duckhorn Portfolio

In related news, insider Pete Przybylinski sold 21,599 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $10.00, for a total value of $215,990.00. Following the completion of the transaction, the insider now directly owns 288,533 shares of the company’s stock, valued at approximately $2,885,330. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Sean B.A. Sullivan sold 9,700 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $9.13, for a total transaction of $88,561.00. Following the completion of the transaction, the insider now directly owns 154,797 shares in the company, valued at approximately $1,413,296.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Pete Przybylinski sold 21,599 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $10.00, for a total value of $215,990.00. Following the transaction, the insider now owns 288,533 shares of the company’s stock, valued at $2,885,330. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,306 shares of company stock valued at $492,108. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of hedge funds have recently modified their holdings of the business. Raymond James & Associates grew its holdings in shares of Duckhorn Portfolio by 2.5% during the 1st quarter. Raymond James & Associates now owns 25,384 shares of the company’s stock worth $462,000 after purchasing an additional 626 shares during the period. MetLife Investment Management LLC raised its position in Duckhorn Portfolio by 4.7% in the 2nd quarter. MetLife Investment Management LLC now owns 22,283 shares of the company’s stock valued at $289,000 after purchasing an additional 1,008 shares in the last quarter. AdvisorShares Investments LLC raised its position in Duckhorn Portfolio by 10.5% in the 3rd quarter. AdvisorShares Investments LLC now owns 11,998 shares of the company’s stock valued at $123,000 after purchasing an additional 1,137 shares in the last quarter. Nuveen Asset Management LLC raised its position in Duckhorn Portfolio by 1.1% in the 4th quarter. Nuveen Asset Management LLC now owns 104,557 shares of the company’s stock valued at $1,030,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Duckhorn Portfolio by 1.1% during the 3rd quarter. Swiss National Bank now owns 114,000 shares of the company’s stock worth $1,170,000 after acquiring an additional 1,200 shares in the last quarter.

Duckhorn Portfolio Trading Up 1.5 %

NAPA stock opened at $9.31 on Friday. Duckhorn Portfolio has a 1-year low of $8.34 and a 1-year high of $16.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.85 and a quick ratio of 1.13. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 7.88 and a beta of 0.25. The business has a 50 day simple moving average of $9.07 and a two-hundred day simple moving average of $9.85.

Duckhorn Portfolio (NYSE:NAPA) last posted its earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $103.05 million during the quarter, compared to the consensus estimate of $106.38 million. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. During the same period in the prior year, the company earned $0.17 EPS. Research analysts anticipate that Duckhorn Portfolio will post 0.59 EPS for the current fiscal year.

Duckhorn Portfolio Company Profile

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.