Wedbush Lowers Duckhorn Portfolio (NYSE:NAPA) Price Target to $10.00

Duckhorn Portfolio (NYSE:NAPA) had its price target lowered by Wedbush from $11.00 to $10.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an outperform rating on the stock. 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.

A number of other equities analysts also recently commented on the stock. Bank of America downgraded shares of Duckhorn Portfolio from a neutral rating to an underperform rating and lowered their target price for the stock from $11.00 to $8.00 in a research note on Tuesday, February 13th. TheStreet upgraded shares of Duckhorn Portfolio from a d rating to a c rating in a research note on Monday, March 18th. Finally, Barclays downgraded shares of Duckhorn Portfolio from an overweight rating to an equal weight rating and reduced their price objective for the stock from $11.00 to $8.00 in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $12.31.

Duckhorn Portfolio Stock Down 1.8 %

Shares of NYSE NAPA opened at $7.86 on Thursday. The stock has a market cap of $907.12 million, a P/E ratio of 13.79, a PEG ratio of 7.24 and a beta of 0.28. The business’s fifty day simple moving average is $8.85 and its 200-day simple moving average is $9.41. Duckhorn Portfolio has a 12-month low of $7.49 and a 12-month high of $15.05. The company has a current ratio of 6.85, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $106.38 million. During the same quarter last year, the company earned $0.17 EPS. As a group, equities analysts predict that Duckhorn Portfolio will post 0.56 EPS for the current fiscal year.

Insider Activity at Duckhorn Portfolio

In related news, insider Sean B.A. Sullivan sold 25,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total transaction of $224,750.00. Following the sale, the insider now owns 125,326 shares of the company’s stock, valued at $1,126,680.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of Duckhorn Portfolio stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sean B.A. Sullivan sold 25,000 shares of the 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 sale, the insider now owns 125,326 shares in the company, valued at $1,126,680.74. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in Duckhorn Portfolio in the 3rd quarter worth about $58,000. CWM LLC lifted its holdings in shares of Duckhorn Portfolio by 1,406.8% during the 4th quarter. CWM LLC now owns 6,856 shares of the company’s stock worth $68,000 after acquiring an additional 6,401 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Duckhorn Portfolio by 94.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,289 shares of the company’s stock worth $101,000 after acquiring an additional 4,992 shares during the last quarter. Caxton Associates LP purchased a new stake in Duckhorn Portfolio in the third quarter valued at approximately $112,000. Finally, Mackenzie Financial Corp purchased a new stake in Duckhorn Portfolio in the fourth quarter valued at 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.