Duckhorn Portfolio (NYSE:NAPA) PT Lowered to $10.00 at Wedbush

Duckhorn Portfolio (NYSE:NAPA) had its target price cut by investment analysts at Wedbush from $11.00 to $10.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price target points to a potential upside of 29.70% from the company’s current price.

Other equities research analysts have also issued research reports about the company. TheStreet raised Duckhorn Portfolio from a “d” rating to a “c” rating in a research note on Monday, March 18th. Barclays downgraded Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $11.00 to $8.00 in a report on Thursday, April 18th. Finally, Bank of America downgraded Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and cut their price target for the company from $11.00 to $8.00 in a report on Tuesday, February 13th. One equities research 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.31.

Duckhorn Portfolio Price Performance

NAPA stock opened at $7.71 on Thursday. Duckhorn Portfolio has a 1 year low of $7.49 and a 1 year high of $15.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 6.85. The stock’s 50 day moving average price is $8.94 and its 200 day moving average price is $9.46. The firm has a market cap of $889.81 million, a P/E ratio of 13.53, a PEG ratio of 7.40 and a beta of 0.29.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Duckhorn Portfolio

Several large investors have recently modified their holdings of the stock. AdvisorShares Investments LLC lifted its position in shares of Duckhorn Portfolio by 10.5% during the third quarter. AdvisorShares Investments LLC now owns 11,998 shares of the company’s stock worth $123,000 after purchasing an additional 1,137 shares during the last quarter. Swiss National Bank lifted its position in shares of Duckhorn Portfolio by 1.1% during the third quarter. Swiss National Bank now owns 114,000 shares of the company’s stock worth $1,170,000 after purchasing an additional 1,200 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Duckhorn Portfolio by 3.5% during the third quarter. Quantbot Technologies LP now owns 40,157 shares of the company’s stock worth $412,000 after purchasing an additional 1,375 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Duckhorn Portfolio by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock worth $172,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Duckhorn Portfolio by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,709 shares of the company’s stock worth $165,000 after purchasing an additional 1,933 shares during the last quarter.

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.