The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives $9.86 Consensus Target Price from Analysts

The Duckhorn Portfolio, Inc. (NYSE:NAPA) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.86.

Several research firms recently weighed in on NAPA. BMO Capital Markets lowered their target price on Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Friday, June 7th. Citigroup lowered their target price on Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Wedbush lowered their target price on Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Royal Bank of Canada lowered their target price on Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. Finally, Barclays downgraded Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $11.00 to $8.00 in a research report on Thursday, April 18th.

Insider Activity

In other 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 sale, the insider now directly owns 125,326 shares of the company’s stock, valued at $1,126,680.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Duckhorn Portfolio

Large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in Duckhorn Portfolio by 9.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,751,059 shares of the company’s stock worth $36,948,000 after acquiring an additional 332,292 shares during the last quarter. Wellington Management Group LLP increased its stake in Duckhorn Portfolio by 66.2% during the third quarter. Wellington Management Group LLP now owns 1,081,027 shares of the company’s stock worth $11,091,000 after acquiring an additional 430,595 shares during the last quarter. Total Clarity Wealth Management Inc. increased its stake in Duckhorn Portfolio by 190.6% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 55,940 shares of the company’s stock worth $551,000 after acquiring an additional 36,689 shares during the last quarter. FMR LLC increased its stake in Duckhorn Portfolio by 215.2% during the third quarter. FMR LLC now owns 2,458,073 shares of the company’s stock worth $25,220,000 after acquiring an additional 1,678,271 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Duckhorn Portfolio by 5.8% during the third quarter. Vanguard Group Inc. now owns 4,855,487 shares of the company’s stock worth $49,817,000 after acquiring an additional 264,257 shares during the last quarter.

Duckhorn Portfolio Stock Performance

Shares of NAPA opened at $7.03 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.09 and a quick ratio of 1.04. Duckhorn Portfolio has a one year low of $6.87 and a one year high of $13.15. The firm has a market capitalization of $1.03 billion, a P/E ratio of 13.02, a PEG ratio of 7.08 and a beta of 0.24. The business has a fifty day moving average of $7.76 and a 200 day moving average of $8.64.

Duckhorn Portfolio (NYSE:NAPA) last released its earnings results on Thursday, June 6th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $92.53 million for the quarter, compared to the consensus estimate of $92.19 million. Duckhorn Portfolio had a return on equity of 6.45% and a net margin of 15.69%. As a group, sell-side analysts anticipate that Duckhorn Portfolio will post 0.52 EPS for the current year.

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.