FY2022 EPS Estimates for The Duckhorn Portfolio, Inc. (NYSE:NAPA) Decreased by Analyst

The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Rating) – Investment analysts at Jefferies Financial Group decreased their FY2022 earnings per share estimates for Duckhorn Portfolio in a report issued on Tuesday, September 13th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will earn $0.57 per share for the year, down from their previous estimate of $0.59. Jefferies Financial Group currently has a “Buy” rating and a $23.00 target price on the stock. The consensus estimate for Duckhorn Portfolio’s current full-year earnings is $0.57 per share. Jefferies Financial Group also issued estimates for Duckhorn Portfolio’s Q4 2022 earnings at $0.07 EPS, FY2023 earnings at $0.65 EPS and FY2024 earnings at $0.74 EPS.

Several other research firms have also recently issued reports on NAPA. JPMorgan Chase & Co. cut Duckhorn Portfolio from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $24.00 to $19.00 in a report on Thursday. Citigroup decreased their price target on Duckhorn Portfolio from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 2nd. Finally, Barclays raised their price target on Duckhorn Portfolio from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, June 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.25.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock opened at $14.31 on Friday. The business’s 50-day simple moving average is $18.39 and its 200 day simple moving average is $18.95. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.16 and a beta of -0.29. Duckhorn Portfolio has a 12-month low of $14.24 and a 12-month high of $25.25. The company has a quick ratio of 1.02, a current ratio of 6.24 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Duckhorn Portfolio

A number of hedge funds have recently modified their holdings of the business. Select Equity Group L.P. raised its position in shares of Duckhorn Portfolio by 5.2% during the first quarter. Select Equity Group L.P. now owns 6,566,913 shares of the company’s stock worth $119,452,000 after purchasing an additional 325,907 shares during the period. Vanguard Group Inc. raised its position in Duckhorn Portfolio by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 3,458,959 shares of the company’s stock valued at $62,918,000 after buying an additional 107,700 shares during the last quarter. Driehaus Capital Management LLC raised its position in Duckhorn Portfolio by 11.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,416,568 shares of the company’s stock valued at $50,893,000 after buying an additional 240,610 shares during the last quarter. BlackRock Inc. raised its position in Duckhorn Portfolio by 3.1% in the 1st quarter. BlackRock Inc. now owns 2,287,931 shares of the company’s stock valued at $41,618,000 after buying an additional 69,305 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Duckhorn Portfolio by 7.5% in the 1st quarter. Federated Hermes Inc. now owns 2,279,202 shares of the company’s stock valued at $41,458,000 after buying an additional 159,389 shares during the last quarter. Institutional investors and hedge funds own 99.15% 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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