The Duckhorn Portfolio, Inc. (NYSE:NAPA) Insider Sean B.A. Sullivan Sells 2,400 Shares

The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Rating) insider Sean B.A. Sullivan sold 2,400 shares of the stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $20.00, for a total transaction of $48,000.00. Following the transaction, the insider now directly owns 182,416 shares in the company, valued at approximately $3,648,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sean B.A. Sullivan also recently made the following trade(s):

  • On Friday, May 13th, Sean B.A. Sullivan sold 15,761 shares of Duckhorn Portfolio stock. The shares were sold at an average price of $20.10, for a total transaction of $316,796.10.
  • On Friday, May 6th, Sean B.A. Sullivan sold 100 shares of Duckhorn Portfolio stock. The stock was sold at an average price of $20.00, for a total transaction of $2,000.00.

Shares of NAPA opened at $20.23 on Friday. The company has a quick ratio of 0.93, a current ratio of 5.78 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average is $18.65 and its 200-day moving average is $19.82. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 3.02 and a beta of 0.16. The Duckhorn Portfolio, Inc. has a 12 month low of $16.29 and a 12 month high of $25.25.

Duckhorn Portfolio (NYSE:NAPAGet Rating) last issued its quarterly earnings results on Thursday, March 10th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Duckhorn Portfolio had a net margin of 15.28% and a return on equity of 7.11%. The firm had revenue of $98.74 million during the quarter, compared to the consensus estimate of $93.16 million. As a group, research analysts predict that The Duckhorn Portfolio, Inc. will post 0.55 earnings per share for the current fiscal year.

NAPA has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Duckhorn Portfolio from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 15th. Zacks Investment Research downgraded shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada raised shares of Duckhorn Portfolio from a “sector perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Monday, March 28th. Finally, Evercore ISI initiated coverage on shares of Duckhorn Portfolio in a research note on Monday, March 14th. They set a “buy” rating and a $26.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $24.11.

Hedge funds have recently made changes to their positions in the company. Morgan Stanley acquired a new stake in Duckhorn Portfolio in the 1st quarter valued at about $136,000. Royal Bank of Canada increased its position in Duckhorn Portfolio by 24.9% in the 2nd quarter. Royal Bank of Canada now owns 4,299 shares of the company’s stock valued at $94,000 after acquiring an additional 857 shares in the last quarter. Bank of America Corp DE increased its position in Duckhorn Portfolio by 1,792.6% in the 2nd quarter. Bank of America Corp DE now owns 9,936 shares of the company’s stock valued at $219,000 after acquiring an additional 9,411 shares in the last quarter. Wells Fargo & Company MN increased its position in Duckhorn Portfolio by 1,860.3% in the 2nd quarter. Wells Fargo & Company MN now owns 19,603 shares of the company’s stock valued at $432,000 after acquiring an additional 18,603 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Duckhorn Portfolio in the 3rd quarter valued at about $198,000. Institutional investors own 95.72% of the company’s stock.

About Duckhorn Portfolio (Get Rating)

The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers.

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