Duckhorn Portfolio (NYSE:NAPA) Sets New 12-Month Low at $7.84

The Duckhorn Portfolio, Inc. (NYSE:NAPA)’s stock price reached a new 52-week low on Thursday . The company traded as low as $7.84 and last traded at $8.03, with a volume of 290773 shares changing hands. The stock had previously closed at $8.25.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays cut shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $11.00 to $8.00 in a research report on Thursday. Bank of America cut shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $11.00 to $8.00 in a research report on Tuesday, February 13th. Finally, TheStreet raised shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.94.

Duckhorn Portfolio Stock Down 2.8 %

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 firm’s 50-day moving average price is $9.07 and its 200 day moving average price is $9.55. The firm has a market cap of $925.59 million, a P/E ratio of 14.48, a PEG ratio of 7.25 and a beta of 0.25.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $103.05 million for the quarter, compared to analysts’ expectations of $106.38 million. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. During the same quarter last year, the company posted $0.17 earnings per share. On average, equities research analysts expect that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Duckhorn Portfolio

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Duckhorn Portfolio by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 5,084,138 shares of the company’s stock valued at $50,079,000 after acquiring an additional 228,651 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Duckhorn Portfolio by 9.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,751,059 shares of the company’s stock valued at $36,948,000 after acquiring an additional 332,292 shares in the last quarter. BlackRock Inc. boosted its holdings in Duckhorn Portfolio by 17.3% during the second quarter. BlackRock Inc. now owns 3,659,341 shares of the company’s stock worth $47,462,000 after buying an additional 539,940 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Duckhorn Portfolio by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,577,702 shares of the company’s stock worth $35,241,000 after buying an additional 254,641 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in Duckhorn Portfolio by 32.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company’s stock worth $33,183,000 after buying an additional 825,730 shares in the last quarter.

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.