The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives $12.31 Average PT from Analysts

The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Free Report) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $12.31.

NAPA has been the subject of a number of recent research reports. Bank of America downgraded Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $11.00 to $8.00 in a research report on Tuesday, February 13th. TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. Wedbush cut their price objective on Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Finally, Barclays cut shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $11.00 to $8.00 in a report on Thursday, April 18th.

View Our Latest Stock Report on NAPA

Duckhorn Portfolio Trading Up 0.4 %

Shares of NAPA stock opened at $8.20 on Friday. 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 stock has a 50-day simple moving average of $8.59 and a 200 day simple moving average of $9.26. Duckhorn Portfolio has a fifty-two week low of $7.49 and a fifty-two week high of $14.46. The stock has a market capitalization of $945.78 million, a P/E ratio of 14.38, a P/E/G ratio of 7.52 and a beta of 0.28.

Duckhorn Portfolio (NYSE:NAPAGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) 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 company had revenue of $103.05 million for the quarter, compared to analysts’ expectations of $106.38 million. During the same quarter in the previous year, the company posted $0.17 EPS. On average, sell-side analysts expect that Duckhorn Portfolio will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Duckhorn Portfolio

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

Hedge Funds Weigh In On Duckhorn Portfolio

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Duckhorn Portfolio during the third quarter valued at approximately $319,000. Bank of New York Mellon Corp raised its holdings in Duckhorn Portfolio by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 175,681 shares of the company’s stock worth $1,802,000 after acquiring an additional 4,925 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Duckhorn Portfolio by 17.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,776 shares of the company’s stock worth $152,000 after acquiring an additional 2,225 shares during the last quarter. Cambiar Investors LLC bought a new stake in Duckhorn Portfolio during the third quarter valued at about $2,036,000. Finally, Teacher Retirement System of Texas grew its position in shares of Duckhorn Portfolio by 16.5% in the third quarter. Teacher Retirement System of Texas now owns 13,712 shares of the company’s stock valued at $141,000 after purchasing an additional 1,938 shares during the last quarter.

Duckhorn Portfolio Company Profile

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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.

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Analyst Recommendations for Duckhorn Portfolio (NYSE:NAPA)

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