Duckhorn Portfolio (NYSE:NAPA) Cut to “Equal Weight” at Barclays

Duckhorn Portfolio (NYSE:NAPA) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, Marketbeat reports. They presently have a $8.00 price objective on the stock, down from their prior price objective of $11.00. Barclays‘s price objective suggests a potential downside of 3.03% from the company’s current price.

Other research analysts have also recently issued reports about the company. Bank of America cut Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $11.00 to $8.00 in a research report on Tuesday, February 13th. TheStreet raised Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Duckhorn Portfolio has a consensus rating of “Hold” and an average price target of $12.94.

Duckhorn Portfolio Trading Up 3.3 %

Shares of NYSE:NAPA opened at $8.25 on Thursday. The stock has a market capitalization of $952.13 million, a price-to-earnings ratio of 14.47, a PEG ratio of 6.98 and a beta of 0.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 6.85. The stock’s 50-day simple moving average is $9.05 and its two-hundred day simple moving average is $9.53. Duckhorn Portfolio has a 52-week low of $7.78 and a 52-week high of $15.37.

Duckhorn Portfolio (NYSE:NAPA) last announced its earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $106.38 million. During the same period last year, the firm posted $0.17 earnings per share. Analysts expect that Duckhorn Portfolio will post 0.59 EPS for the current year.

Insider Activity at Duckhorn Portfolio

In related news, insider Deirdre Mahlan sold 29,681 shares of Duckhorn Portfolio 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 sale, the insider now owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Deirdre Mahlan sold 29,681 shares of Duckhorn Portfolio 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 sale, the insider now owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sean B.A. Sullivan sold 25,000 shares of Duckhorn Portfolio 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 owned by corporate insiders.

Hedge Funds Weigh In On Duckhorn Portfolio

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of Duckhorn Portfolio by 66.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,081,027 shares of the company’s stock valued at $11,091,000 after purchasing an additional 430,595 shares during the last quarter. Total Clarity Wealth Management Inc. increased its position in shares of Duckhorn Portfolio by 190.6% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 55,940 shares of the company’s stock valued at $551,000 after purchasing an additional 36,689 shares during the last quarter. Mcmorgan & Co. LLC increased its position in shares of Duckhorn Portfolio by 54.6% during the 3rd quarter. Mcmorgan & Co. LLC now owns 210,873 shares of the company’s stock valued at $2,164,000 after purchasing an additional 74,455 shares during the last quarter. FMR LLC increased its position in shares of Duckhorn Portfolio by 215.2% during the 3rd quarter. FMR LLC now owns 2,458,073 shares of the company’s stock valued at $25,220,000 after purchasing an additional 1,678,271 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Duckhorn Portfolio by 18.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,418,767 shares of the company’s stock valued at $35,077,000 after purchasing an additional 544,305 shares during the last quarter.

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.