Barclays Downgrades Duckhorn Portfolio (NYSE:NAPA) to Equal Weight

Duckhorn Portfolio (NYSE:NAPA) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $8.00 price target on the stock, down from their previous price target of $11.00. Barclays‘s target price points to a potential downside of 3.09% from the stock’s current price.

Other analysts have also recently issued research reports about the company. TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. Bank of America cut Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $11.00 to $8.00 in a research 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 company’s stock. Based on data from MarketBeat.com, Duckhorn Portfolio currently has a consensus rating of “Hold” and a consensus target price of $12.94.

Duckhorn Portfolio Stock Performance

Shares of NAPA opened at $8.26 on Thursday. 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 business has a 50-day simple moving average of $9.07 and a two-hundred day simple moving average of $9.55. The stock has a market cap of $952.71 million, a price-to-earnings ratio of 14.48, a PEG ratio of 7.25 and a beta of 0.25. Duckhorn Portfolio has a 52 week low of $8.08 and a 52 week high of $15.37.

Duckhorn Portfolio (NYSE:NAPA) last issued 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 business had revenue of $103.05 million during the quarter, compared to analysts’ expectations of $106.38 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. On average, analysts expect that Duckhorn Portfolio will post 0.59 EPS for the current year.

Insider Buying and Selling

In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of the stock in a transaction on Thursday, March 28th. The shares were 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 owns 104,590 shares in the company, valued at $965,365.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Sean B.A. Sullivan sold 25,000 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $9.23, for a total value of $273,955.63. Following the transaction, the insider now owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in Duckhorn Portfolio by 66.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,081,027 shares of the company’s stock worth $11,091,000 after buying an additional 430,595 shares during the period. Total Clarity Wealth Management Inc. increased its holdings in Duckhorn Portfolio by 190.6% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 55,940 shares of the company’s stock worth $551,000 after purchasing an additional 36,689 shares during the period. Mcmorgan & Co. LLC lifted its holdings in shares of Duckhorn Portfolio by 54.6% in the 3rd quarter. Mcmorgan & Co. LLC now owns 210,873 shares of the company’s stock worth $2,164,000 after buying an additional 74,455 shares during the period. FMR LLC increased its stake in shares of Duckhorn Portfolio by 215.2% during the third quarter. FMR LLC now owns 2,458,073 shares of the company’s stock valued at $25,220,000 after buying an additional 1,678,271 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings 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 in 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.