Duckhorn Portfolio (NYSE:NAPA) PT Lowered to $10.00

Duckhorn Portfolio (NYSE:NAPA) had its price objective lowered by investment analysts at Wedbush from $11.00 to $10.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s target price would indicate a potential upside of 27.23% from the company’s current price. Wedbush also issued estimates for Duckhorn Portfolio’s Q3 2024 earnings at $0.14 EPS, FY2024 earnings at $0.57 EPS and Q3 2025 earnings at $0.15 EPS.

Several other equities research analysts also recently commented on the stock. TheStreet upgraded shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a research note on Monday, March 18th. Barclays lowered shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $11.00 to $8.00 in a research report on Thursday, April 18th. Finally, Bank of America lowered shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $11.00 to $8.00 in a report on Tuesday, February 13th. One investment 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. Based on data from MarketBeat.com, Duckhorn Portfolio currently has a consensus rating of “Hold” and a consensus target price of $12.31.

Duckhorn Portfolio Stock Performance

NAPA traded down $0.14 during trading on Thursday, reaching $7.86. 1,017,916 shares of the company’s stock were exchanged, compared to its average volume of 1,089,879. The business has a 50 day moving average price of $8.85 and a 200 day moving average price of $9.42. The company has a market capitalization of $907.12 million, a P/E ratio of 13.80, a PEG ratio of 7.07 and a beta of 0.28. Duckhorn Portfolio has a fifty-two week low of $7.49 and a fifty-two week high of $15.05. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28.

Duckhorn Portfolio (NYSE:NAPA) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $103.05 million for the quarter, compared to analyst estimates of $106.38 million. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. During the same period in the prior year, the company posted $0.17 EPS. As a group, analysts predict that Duckhorn Portfolio will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Sean B.A. Sullivan sold 25,000 shares of Duckhorn Portfolio stock in a transaction dated 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 $1,126,680.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Sean B.A. Sullivan sold 25,000 shares of the business’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 transaction of $224,750.00. Following the completion of the transaction, the insider now owns 125,326 shares in the company, valued at $1,126,680.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Deirdre Mahlan sold 29,681 shares of the stock in a transaction 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 sale, the insider now owns 104,590 shares in the company, valued at $965,365.70. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale bought a new stake in shares of Duckhorn Portfolio in the third quarter valued at about $58,000. CWM LLC raised its position in Duckhorn Portfolio by 1,406.8% in the 4th quarter. CWM LLC now owns 6,856 shares of the company’s stock valued at $68,000 after buying an additional 6,401 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Duckhorn Portfolio by 94.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,289 shares of the company’s stock valued at $101,000 after acquiring an additional 4,992 shares in the last quarter. Caxton Associates LP acquired a new position in Duckhorn Portfolio during the 3rd quarter worth approximately $112,000. Finally, Mackenzie Financial Corp bought a new position in shares of Duckhorn Portfolio during the 4th quarter worth approximately $116,000.

Duckhorn Portfolio Company Profile

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.