Duckhorn Portfolio (NYSE:NAPA) Price Target Cut to $22.00

Duckhorn Portfolio (NYSE:NAPAGet Rating) had its price objective reduced by Citigroup from $24.00 to $22.00 in a research report sent to investors on Tuesday, Stock Target Advisor reports. They currently have a buy rating on the stock.

Separately, Barclays upped their price target on Duckhorn Portfolio from $20.00 to $21.00 and gave the company an equal weight rating in a research report on Monday, June 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $24.29.

Duckhorn Portfolio Trading Up 0.9 %

NYSE NAPA opened at $18.43 on Tuesday. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 2.63 and a beta of -0.32. Duckhorn Portfolio has a 52 week low of $17.20 and a 52 week high of $25.25. The business has a 50 day moving average price of $19.61 and a 200-day moving average price of $19.26. The company has a quick ratio of 1.02, a current ratio of 6.24 and a debt-to-equity ratio of 0.26.

Duckhorn Portfolio (NYSE:NAPAGet Rating) last announced its earnings results on Thursday, June 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Duckhorn Portfolio had a return on equity of 8.06% and a net margin of 17.02%. The company had revenue of $91.58 million for the quarter, compared to analysts’ expectations of $84.54 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, equities analysts expect that Duckhorn Portfolio will post 0.57 earnings per share for the current fiscal year.

Insider Transactions at Duckhorn Portfolio

In other news, major shareholder Mallard Holdco, Llc sold 5,000,000 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $19.25, for a total value of $96,250,000.00. Following the completion of the transaction, the insider now directly owns 69,150,301 shares in the company, valued at approximately $1,331,143,294.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Duckhorn Portfolio news, insider Zach Rasmuson sold 25,000 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $20.18, for a total value of $504,500.00. Following the completion of the sale, the insider now owns 422,685 shares in the company, valued at approximately $8,529,783.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Mallard Holdco, Llc sold 5,000,000 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $19.25, for a total value of $96,250,000.00. Following the completion of the sale, the insider now owns 69,150,301 shares of the company’s stock, valued at approximately $1,331,143,294.25. The disclosure for this sale can be found here. In the last three months, insiders sold 5,075,117 shares of company stock worth $97,807,305. 3.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Duckhorn Portfolio

Institutional investors and hedge funds have recently bought and sold shares of the business. Select Equity Group L.P. increased its position in Duckhorn Portfolio by 53.9% during 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 in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Duckhorn Portfolio in the 4th quarter worth $31,588,000. Allspring Global Investments Holdings LLC increased 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 worth $11,747,000 after purchasing an additional 552,640 shares in the last quarter. Bank of America Corp DE increased 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 worth $9,474,000 after purchasing an additional 377,379 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased 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 worth $32,109,000 after purchasing an additional 374,229 shares in the last quarter. Hedge funds and other institutional investors own 95.72% of the company’s stock.

About Duckhorn Portfolio

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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.

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Analyst Recommendations for Duckhorn Portfolio (NYSE:NAPA)

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