Barclays Downgrades Duckhorn Portfolio (NYSE:NAPA) to Equal Weight

Barclays cut shares of Duckhorn Portfolio (NYSE:NAPA) from an overweight rating to an equal weight rating in a research note released on Thursday morning, MarketBeat.com reports. They currently have $8.00 target price on the stock, down from their prior target price of $11.00.

Several other brokerages also recently commented on NAPA. Bank of America downgraded 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 report on Tuesday, February 13th. TheStreet raised Duckhorn Portfolio from a d rating to a c rating in a 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. Based on data from MarketBeat, Duckhorn Portfolio currently has an average rating of Hold and an average target price of $12.94.

Duckhorn Portfolio Trading Down 3.2 %

Shares of NAPA opened at $7.99 on Thursday. Duckhorn Portfolio has a 12-month low of $7.78 and a 12-month high of $15.37. 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 firm has a market capitalization of $922.13 million, a price-to-earnings ratio of 14.02, a P/E/G ratio of 7.21 and a beta of 0.25. The stock’s 50-day moving average price is $9.06 and its 200 day moving average price is $9.54.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 period in the previous year, the company posted $0.17 earnings per share. As a group, research analysts predict that Duckhorn Portfolio will post 0.59 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of Duckhorn Portfolio by 66.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,081,027 shares of the company’s stock valued at $11,091,000 after buying an additional 430,595 shares in the last quarter. Total Clarity Wealth Management Inc. raised its stake in Duckhorn Portfolio by 190.6% during 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 during the period. Mcmorgan & Co. LLC raised its stake in Duckhorn Portfolio by 54.6% during 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 during the period. FMR LLC raised its stake in Duckhorn Portfolio by 215.2% during 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 during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Duckhorn Portfolio by 18.9% during 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 during the period.

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.