Duckhorn Portfolio (NYSE:NAPA) Price Target Cut to $10.00 by Analysts at Wedbush

Duckhorn Portfolio (NYSE:NAPA) had its price target cut by Wedbush from $11.00 to $10.00 in a research note published on Thursday, Benzinga reports. They currently have 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.

NAPA has been the subject of a number of other research reports. Bank of America lowered Duckhorn Portfolio from a neutral rating to an underperform rating and lowered their price target for the company from $11.00 to $8.00 in a report on Tuesday, February 13th. Barclays cut Duckhorn Portfolio from an overweight rating to an equal weight rating and lowered their target price for the stock from $11.00 to $8.00 in a report on Thursday, April 18th. Finally, TheStreet upgraded Duckhorn Portfolio from a d rating to a c rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $12.31.

Duckhorn Portfolio Trading Down 1.8 %

NAPA stock traded down $0.14 during midday trading on Thursday, reaching $7.86. The company’s stock had a trading volume of 1,017,916 shares, compared to its average volume of 1,089,879. Duckhorn Portfolio has a 1 year low of $7.49 and a 1 year high of $15.05. The firm has a market capitalization of $907.12 million, a price-to-earnings ratio of 13.80, a PEG ratio of 7.07 and a beta of 0.28. The stock has a fifty day simple moving average of $8.85 and a two-hundred day simple moving average of $9.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 6.85.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $103.05 million for the quarter, compared to the consensus estimate of $106.38 million. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. During the same quarter last year, the firm posted $0.17 EPS. On average, equities research analysts predict that Duckhorn Portfolio will post 0.58 EPS for the current year.

Insider Activity

In other Duckhorn Portfolio news, 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 transaction, the insider now owns 104,590 shares in the company, valued at $965,365.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of the firm’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 completion of the sale, the insider now directly owns 104,590 shares in the company, valued at $965,365.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sean B.A. Sullivan sold 25,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total value of $224,750.00. Following the sale, the insider now owns 125,326 shares of the company’s stock, valued at approximately $1,126,680.74. 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

Institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of Duckhorn Portfolio during the third quarter worth $58,000. CWM LLC lifted its position in 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 grew its stake in Duckhorn Portfolio by 94.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,289 shares of the company’s stock valued at $101,000 after purchasing an additional 4,992 shares during the last quarter. Caxton Associates LP acquired a new position in shares of Duckhorn Portfolio in the third quarter valued at about $112,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Duckhorn Portfolio in the fourth quarter worth about $116,000.

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.