Deirdre Mahlan Sells 29,681 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) Stock

The Duckhorn Portfolio, Inc. (NYSE:NAPA) insider Deirdre Mahlan sold 29,681 shares of the company’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 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 can be accessed through this link.

Duckhorn Portfolio Trading Up 1.5 %

NAPA stock opened at $9.31 on Friday. The business has a fifty day moving average price of $9.09 and a 200 day moving average price of $9.83. The Duckhorn Portfolio, Inc. has a fifty-two week low of $8.34 and a fifty-two week high of $16.11. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 8.14 and a beta of 0.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.85 and a quick ratio of 1.13.

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 return on equity of 7.27% and a net margin of 16.62%. The firm had revenue of $103.05 million during the quarter, compared to analysts’ expectations of $106.38 million. During the same period last year, the firm posted $0.17 EPS. Analysts expect that The Duckhorn Portfolio, Inc. will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in Duckhorn Portfolio by 658.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,592,582 shares of the company’s stock valued at $33,626,000 after buying an additional 2,250,778 shares during the last quarter. FMR LLC boosted its position in Duckhorn Portfolio by 215.2% in the 3rd quarter. FMR LLC now owns 2,458,073 shares of the company’s stock valued at $25,220,000 after buying an additional 1,678,271 shares during the last quarter. FIL Ltd boosted its position in Duckhorn Portfolio by 231.3% in the 4th quarter. FIL Ltd now owns 2,277,397 shares of the company’s stock valued at $22,432,000 after buying an additional 1,590,000 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in Duckhorn Portfolio by 32.5% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company’s stock valued at $33,183,000 after buying an additional 825,730 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Duckhorn Portfolio by 46.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,443,837 shares of the company’s stock valued at $31,697,000 after buying an additional 770,420 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America cut 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. Citigroup cut their price target on Duckhorn Portfolio from $16.00 to $12.50 and set a “buy” rating for the company in a report on Friday, December 8th. Barclays upped their price target on Duckhorn Portfolio from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Friday, December 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Duckhorn Portfolio in a report on Thursday, December 7th. Finally, BMO Capital Markets dropped their target price on Duckhorn Portfolio from $13.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.56.

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.