The Duckhorn Portfolio, Inc. (NYSE:NAPA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Rating) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $24.71.

Separately, Barclays lifted their price objective on shares of Duckhorn Portfolio from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, June 6th.

Insider Buying and Selling

In related news, major shareholder Mallard Holdco, Llc sold 5,000,000 shares of Duckhorn Portfolio stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $19.25, for a total transaction of $96,250,000.00. Following the completion of the transaction, the insider now directly owns 69,150,301 shares of the company’s stock, valued at approximately $1,331,143,294.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Mallard Holdco, Llc sold 5,000,000 shares of Duckhorn Portfolio stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $19.25, for a total transaction of $96,250,000.00. Following the completion of the transaction, the insider now directly owns 69,150,301 shares of the company’s stock, valued at approximately $1,331,143,294.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Zach Rasmuson sold 25,000 shares of Duckhorn Portfolio stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $20.18, for a total transaction of $504,500.00. Following the transaction, the insider now directly owns 422,685 shares of the company’s stock, valued at $8,529,783.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,087,617 shares of company stock valued at $98,058,555. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Duckhorn Portfolio

Several large investors have recently added to or reduced their stakes in NAPA. Select Equity Group L.P. boosted its position in Duckhorn Portfolio by 53.9% in the 4th quarter. Select Equity Group L.P. now owns 6,241,006 shares of the company’s stock valued at $145,665,000 after buying an additional 2,184,972 shares during the period. Westwood Holdings Group Inc. purchased a new stake in Duckhorn Portfolio in the 4th quarter valued at about $31,588,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Duckhorn Portfolio by 10,674.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 557,817 shares of the company’s stock valued at $11,747,000 after purchasing an additional 552,640 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Duckhorn Portfolio by 1,322.0% in the 4th quarter. Bank of America Corp DE now owns 405,925 shares of the company’s stock valued at $9,474,000 after purchasing an additional 377,379 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Duckhorn Portfolio by 26.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,765,210 shares of the company’s stock valued at $32,109,000 after purchasing an additional 374,229 shares in the last quarter. 95.72% of the stock is owned by hedge funds and other institutional investors.

Duckhorn Portfolio Stock Performance

Shares of NYSE NAPA opened at $18.34 on Friday. Duckhorn Portfolio has a 52-week low of $17.20 and a 52-week high of $25.25. The company has a market cap of $2.11 billion, a P/E ratio of 33.96, a P/E/G ratio of 2.59 and a beta of -0.01. The firm’s fifty day moving average is $19.65 and its two-hundred day moving average is $19.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 6.24.

Duckhorn Portfolio (NYSE:NAPAGet Rating) last issued its quarterly earnings data on Thursday, June 2nd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Duckhorn Portfolio had a net margin of 17.02% and a return on equity of 8.06%. The business had revenue of $91.58 million during the quarter, compared to analysts’ expectations of $84.54 million. During the same period last year, the company posted $0.09 EPS. As a group, analysts anticipate that Duckhorn Portfolio will post 0.57 EPS for the current fiscal year.

Duckhorn Portfolio Company Profile

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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.

See Also

Analyst Recommendations for Duckhorn Portfolio (NYSE:NAPA)

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