Analysts Set The Duckhorn Portfolio, Inc. (NYSE:NAPA) Price Target at $13.56

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $12.94.

NAPA has been the topic of several research reports. Barclays lowered 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 report on Thursday. Bank of America lowered 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 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.

Insider Activity

In other news, insider Sean B.A. Sullivan sold 25,000 shares of the business’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 value of $224,750.00. Following 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 accessible through the SEC website. In related news, insider Sean B.A. Sullivan sold 25,000 shares of the business’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 completion of the transaction, the insider now owns 125,326 shares of the company’s stock, valued at $1,126,680.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Deirdre Mahlan sold 29,681 shares of the business’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 transaction of $273,955.63. Following the transaction, the insider now directly owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Duckhorn Portfolio

Several hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in Duckhorn Portfolio by 66.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,081,027 shares of the company’s stock worth $11,091,000 after buying an additional 430,595 shares in the last quarter. Total Clarity Wealth Management Inc. grew its stake in Duckhorn Portfolio by 190.6% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 55,940 shares of the company’s stock worth $551,000 after buying an additional 36,689 shares in the last quarter. Mcmorgan & Co. LLC grew its stake in Duckhorn Portfolio by 54.6% in the 3rd quarter. Mcmorgan & Co. LLC now owns 210,873 shares of the company’s stock worth $2,164,000 after buying an additional 74,455 shares in the last quarter. FMR LLC grew its stake in Duckhorn Portfolio by 215.2% in the 3rd quarter. FMR LLC now owns 2,458,073 shares of the company’s stock worth $25,220,000 after buying an additional 1,678,271 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Duckhorn Portfolio by 18.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,418,767 shares of the company’s stock worth $35,077,000 after buying an additional 544,305 shares in the last quarter.

Duckhorn Portfolio Stock Down 3.2 %

NAPA opened at $7.99 on Tuesday. 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’s 50-day moving average is $9.06 and its 200 day moving average is $9.54. Duckhorn Portfolio has a fifty-two week low of $7.78 and a fifty-two week high of $15.37. The firm has a market capitalization of $922.13 million, a P/E ratio of 14.02, a PEG ratio of 7.25 and a beta of 0.25.

Duckhorn Portfolio (NYSE:NAPA) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $106.38 million. During the same period last year, the firm earned $0.17 earnings per share. Research analysts expect that Duckhorn Portfolio will post 0.59 earnings per share 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.