The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives Average Recommendation of “Hold” from Brokerages

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have received an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $9.86.

A number of analysts have recently weighed in on NAPA shares. Wedbush lowered their target price on Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Barclays lowered shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $11.00 to $8.00 in a research report on Thursday, April 18th. Citigroup lowered their price target on shares of Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating for the company in a report on Friday, June 7th. TheStreet raised Duckhorn Portfolio from a “d” rating to a “c” rating in a report on Monday, March 18th. Finally, BMO Capital Markets lowered their target price on Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Friday, June 7th.

Insider Buying and Selling

In related news, insider Sean B.A. Sullivan sold 25,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 125,326 shares of the company’s stock, valued at approximately $1,126,680.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of large investors have recently modified their holdings of NAPA. FMR LLC boosted its holdings in shares of 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. Caxton Associates LP acquired a new position in shares of Duckhorn Portfolio during the 3rd quarter worth about $112,000. Gotham Asset Management LLC increased its stake in shares of Duckhorn Portfolio by 14.7% during the 3rd quarter. Gotham Asset Management LLC now owns 36,309 shares of the company’s stock worth $373,000 after purchasing an additional 4,646 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Duckhorn Portfolio in the 3rd quarter valued at about $212,000. Finally, American Century Companies Inc. lifted its stake in Duckhorn Portfolio by 3.6% in the 3rd quarter. American Century Companies Inc. now owns 1,647,477 shares of the company’s stock valued at $16,903,000 after purchasing an additional 57,664 shares during the last quarter.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock opened at $7.10 on Friday. The business has a 50 day simple moving average of $7.86 and a 200 day simple moving average of $8.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.09 and a quick ratio of 1.04. The company has a market capitalization of $1.04 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 6.89 and a beta of 0.27. Duckhorn Portfolio has a one year low of $6.87 and a one year high of $13.19.

Duckhorn Portfolio (NYSE:NAPA) last announced its earnings results on Thursday, June 6th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $92.53 million during the quarter, compared to analysts’ expectations of $92.19 million. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. On average, sell-side analysts forecast that Duckhorn Portfolio will post 0.52 EPS for the current fiscal year.

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.