Wedbush Weighs in on The Duckhorn Portfolio, Inc.’s Q3 2024 Earnings (NYSE:NAPA)

The Duckhorn Portfolio, Inc. (NYSE:NAPA) – Equities research analysts at Wedbush lowered their Q3 2024 earnings per share estimates for Duckhorn Portfolio in a research note issued to investors on Wednesday, May 1st. Wedbush analyst G. Pascarelli now anticipates that the company will earn $0.14 per share for the quarter, down from their prior forecast of $0.16. Wedbush currently has a “Outperform” rating and a $10.00 target price on the stock. The consensus estimate for Duckhorn Portfolio’s current full-year earnings is $0.58 per share. Wedbush also issued estimates for Duckhorn Portfolio’s FY2024 earnings at $0.57 EPS and Q3 2025 earnings at $0.15 EPS.

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

Duckhorn Portfolio Stock Performance

Shares of NAPA opened at $7.86 on Friday. The firm has a market cap of $907.12 million, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 7.07 and a beta of 0.28. The company’s fifty day moving average is $8.85 and its 200-day moving average is $9.42. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28. Duckhorn Portfolio has a 12 month low of $7.49 and a 12 month high of $15.05.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $103.05 million during the quarter, compared to analysts’ expectations of $106.38 million. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. During the same quarter in the previous year, the business posted $0.17 EPS.

Insider Activity

In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 25,000 shares of Duckhorn Portfolio stock in a transaction that occurred 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 sale, the insider now directly owns 125,326 shares of the company’s stock, valued at $1,126,680.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of the business’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 transaction, the insider now directly owns 104,590 shares in the company, valued at $965,365.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sean B.A. Sullivan sold 25,000 shares of the firm’s stock in a transaction that occurred 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 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. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of large investors have recently bought and sold shares of NAPA. AdvisorShares Investments LLC grew its stake 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 valued at $123,000 after purchasing an additional 1,137 shares during the last quarter. Swiss National Bank increased its stake in shares of Duckhorn Portfolio by 1.1% in the 3rd quarter. Swiss National Bank now owns 114,000 shares of the company’s stock valued at $1,170,000 after buying an additional 1,200 shares during the period. Quantbot Technologies LP raised 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 acquiring an additional 1,375 shares during the last quarter. Allspring Global Investments Holdings LLC raised 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 acquiring an additional 1,555 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Duckhorn Portfolio by 13.1% in 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 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.