Duckhorn Portfolio (NYSE:NAPA) Rating Lowered to Equal Weight at Barclays

Duckhorn Portfolio (NYSE:NAPA) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, MarketBeat.com reports. They currently have a $8.00 price objective on the stock, down from their prior price objective of $11.00. Barclays‘s target price suggests a potential downside of 3.03% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Bank of America cut Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $11.00 to $8.00 in a research note on Tuesday, February 13th. TheStreet upgraded 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Duckhorn Portfolio currently has a consensus rating of “Hold” and an average target price of $12.94.

Duckhorn Portfolio Price Performance

Shares of NYSE:NAPA opened at $8.25 on Thursday. The company has a current ratio of 6.85, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $9.05 and its two-hundred day simple moving average is $9.53. Duckhorn Portfolio has a 1-year low of $7.78 and a 1-year high of $15.37. The stock has a market cap of $952.13 million, a PE ratio of 14.47, a price-to-earnings-growth ratio of 6.98 and a beta of 0.25.

Duckhorn Portfolio (NYSE:NAPA) last issued 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. 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 for the quarter, compared to analysts’ expectations of $106.38 million. During the same period last year, the business earned $0.17 EPS. As a group, analysts forecast that Duckhorn Portfolio will post 0.59 EPS for the current fiscal year.

Insider Transactions at Duckhorn Portfolio

In other news, insider Sean B.A. Sullivan sold 25,000 shares of Duckhorn Portfolio stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $8.99, for a total transaction of $224,750.00. Following the sale, the insider now directly 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 at the SEC website. 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 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 at this hyperlink. Also, insider Deirdre Mahlan sold 29,681 shares of Duckhorn Portfolio 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 completion of the sale, the insider now directly owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Duckhorn Portfolio

Several large investors have recently added to or reduced their stakes in NAPA. JPMorgan Chase & Co. increased its holdings in Duckhorn Portfolio by 31.6% in the 1st quarter. JPMorgan Chase & Co. now owns 38,511 shares of the company’s stock worth $700,000 after acquiring an additional 9,252 shares during the last quarter. Raymond James & Associates grew its holdings in Duckhorn Portfolio by 2.5% during the 1st quarter. Raymond James & Associates now owns 25,384 shares of the company’s stock valued at $462,000 after buying an additional 626 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Duckhorn Portfolio by 9.9% during the 1st quarter. Bank of New York Mellon Corp now owns 151,571 shares of the company’s stock valued at $2,757,000 after buying an additional 13,629 shares in the last quarter. HighTower Advisors LLC grew its holdings in Duckhorn Portfolio by 27.4% during the 1st quarter. HighTower Advisors LLC now owns 11,824 shares of the company’s stock valued at $213,000 after buying an additional 2,545 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Duckhorn Portfolio by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 21,275 shares of the company’s stock valued at $387,000 after buying an additional 7,586 shares in the last quarter.

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.