Duckhorn Portfolio (NYSE:NAPA) Sets New 12-Month Low Following Analyst Downgrade

The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Free Report) shares reached a new 52-week low during trading on Friday after Citigroup lowered their price target on the stock from $11.00 to $10.00. Citigroup currently has a buy rating on the stock. Duckhorn Portfolio traded as low as $7.46 and last traded at $7.72, with a volume of 138625 shares trading hands. The stock had previously closed at $7.79.

A number of other equities analysts have also recently issued reports on the company. Barclays cut Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $11.00 to $8.00 in a report on Thursday, April 18th. Royal Bank of Canada reduced their price objective on shares of Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, May 29th. BMO Capital Markets reduced their price objective on shares of Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Friday. Bank of America downgraded shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $11.00 to $8.00 in a research note on Tuesday, February 13th. Finally, TheStreet upgraded shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.86.

View Our Latest Research Report on Duckhorn Portfolio

Insider Buying and Selling at Duckhorn Portfolio

In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 25,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were 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 of the company’s stock, valued at approximately $1,126,680.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Sean B.A. Sullivan sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total value of $224,750.00. Following the completion of the transaction, the insider now directly owns 125,326 shares of the company’s stock, valued at approximately $1,126,680.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Deirdre Mahlan sold 29,681 shares of the firm’s 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 completion of the transaction, the insider now directly owns 104,590 shares of the company’s stock, valued at $965,365.70. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of large investors have recently modified their holdings of NAPA. FMR LLC boosted its position in shares of Duckhorn Portfolio by 215.2% in the third quarter. FMR LLC now owns 2,458,073 shares of the company’s stock worth $25,220,000 after purchasing an additional 1,678,271 shares during the period. Westwood Holdings Group Inc. lifted its position in Duckhorn Portfolio by 32.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company’s stock valued at $33,183,000 after purchasing an additional 825,730 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Duckhorn Portfolio by 18.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,418,767 shares of the company’s stock valued at $35,077,000 after acquiring an additional 544,305 shares during the period. Wellington Management Group LLP raised its stake in shares of Duckhorn Portfolio by 66.2% in the third quarter. Wellington Management Group LLP now owns 1,081,027 shares of the company’s stock valued at $11,091,000 after acquiring an additional 430,595 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Duckhorn Portfolio by 41.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,299,972 shares of the company’s stock valued at $12,103,000 after acquiring an additional 378,902 shares during the period.

Duckhorn Portfolio Trading Down 3.7 %

The firm has a market cap of $865.58 million, a PE ratio of 13.89, a P/E/G ratio of 7.18 and a beta of 0.27. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average price is $8.24 and its two-hundred day moving average price is $8.97.

Duckhorn Portfolio (NYSE:NAPAGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $103.05 million for the quarter, compared to the consensus estimate of $106.38 million. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.96%. During the same quarter last year, the firm posted $0.17 EPS. As a group, sell-side analysts forecast that The Duckhorn Portfolio, Inc. will post 0.56 EPS for the current year.

About Duckhorn Portfolio

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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.

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