Duckhorn Portfolio (NYSE:NAPA) Sets New 12-Month Low at $7.84

The Duckhorn Portfolio, Inc. (NYSE:NAPA)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $7.84 and last traded at $8.03, with a volume of 290773 shares. The stock had previously closed at $8.25.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays downgraded Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $11.00 to $8.00 in a research note on Thursday. TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. Finally, Bank of America downgraded Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and cut their target price for the company from $11.00 to $8.00 in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.94.

Duckhorn Portfolio Price Performance

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 company has a market cap of $925.59 million, a price-to-earnings ratio of 14.48, a PEG ratio of 7.25 and a beta of 0.25. The business has a fifty day moving average price of $9.07 and a 200 day moving average price of $9.55.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. The company had revenue of $103.05 million during the quarter, compared to analysts’ expectations of $106.38 million. During the same quarter in the previous year, the firm earned $0.17 EPS. As a group, research analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current year.

Insiders Place Their Bets

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 stock was 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 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 SEC, which is available through the SEC website. In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $9.23, for a total value of $273,955.63. Following the sale, the insider now owns 104,590 shares in the company, valued at approximately $965,365.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 owns 125,326 shares in the company, valued at approximately $1,126,680.74. 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

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new stake in shares of Duckhorn Portfolio in the 2nd quarter valued at about $31,000. Comerica Bank bought a new stake in shares of Duckhorn Portfolio during the 3rd quarter valued at about $31,000. Tower Research Capital LLC TRC boosted its position in shares of Duckhorn Portfolio by 49.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,797 shares of the company’s stock valued at $55,000 after purchasing an additional 1,264 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Duckhorn Portfolio during the 1st quarter valued at about $70,000. Finally, Point72 Middle East FZE bought a new stake in shares of Duckhorn Portfolio during the 2nd quarter valued at about $62,000.

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.