Duckhorn Portfolio (NYSE:NAPA) Downgraded to Equal Weight at Barclays

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

A number of other research firms have also issued reports on NAPA. TheStreet upgraded Duckhorn Portfolio from a d rating to a c rating in a research note on Monday, March 18th. Bank of America lowered Duckhorn Portfolio from a neutral rating to an underperform rating and lowered their target price for the company from $11.00 to $8.00 in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $12.94.

Duckhorn Portfolio Stock Performance

Duckhorn Portfolio stock opened at $7.99 on Thursday. The stock’s 50-day moving average is $9.06 and its 200-day moving average is $9.54. The company has a market cap of $922.13 million, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 7.21 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 has a 12 month low of $7.78 and a 12 month high of $15.37.

Duckhorn Portfolio (NYSE:NAPA) last posted its earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) 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 business had revenue of $103.05 million during the quarter, compared to analyst estimates of $106.38 million. During the same quarter last year, the firm earned $0.17 earnings per share. Equities analysts anticipate that Duckhorn Portfolio will post 0.59 earnings per share for the current year.

Insiders Place Their Bets

In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $9.23, for a total transaction of $273,955.63. Following the transaction, the insider now owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $9.23, for a total transaction of $273,955.63. Following the transaction, the insider now owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $224,750.00. Following the completion of the sale, the insider now directly owns 125,326 shares in the company, valued at approximately $1,126,680.74. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Duckhorn Portfolio

Several hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Duckhorn Portfolio by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock worth $172,000 after purchasing an additional 1,555 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Duckhorn Portfolio by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 5,084,138 shares of the company’s stock worth $50,079,000 after purchasing an additional 228,651 shares during the last quarter. FIL Ltd lifted its holdings in shares of Duckhorn Portfolio by 231.3% in the 4th quarter. FIL Ltd now owns 2,277,397 shares of the company’s stock worth $22,432,000 after purchasing an additional 1,590,000 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Duckhorn Portfolio during the 4th quarter valued at $109,000. Finally, GSA Capital Partners LLP bought a new stake in Duckhorn Portfolio during the 4th quarter valued at $2,270,000.

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.