Duckhorn Portfolio (NYSE:NAPA) Shares Gap Up to $8.29

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) gapped up prior to trading on Wednesday . The stock had previously closed at $8.29, but opened at $8.85. Duckhorn Portfolio shares last traded at $8.27, with a volume of 595,222 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NAPA. Bank of America lowered shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $11.00 to $8.00 in a report on Tuesday, February 13th. Barclays lowered shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $11.00 to $8.00 in a report on Thursday. Finally, TheStreet raised shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a report on Monday, March 18th. One 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.94.

Duckhorn Portfolio Stock Up 3.3 %

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 firm’s 50-day simple moving average is $9.06 and its 200 day simple moving average is $9.54. The stock has a market capitalization of $952.13 million, a P/E ratio of 14.02, a PEG ratio of 7.21 and a beta of 0.25.

Duckhorn Portfolio (NYSE:NAPA) last issued its 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. The company had revenue of $103.05 million for the quarter, compared to analysts’ expectations of $106.38 million. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. During the same period in the prior year, the firm earned $0.17 EPS. As a group, research analysts expect that The Duckhorn Portfolio, Inc. will post 0.59 EPS for the current year.

Insiders Place Their Bets

In other Duckhorn Portfolio news, 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 transaction, the insider now owns 125,326 shares in the company, valued at approximately $1,126,680.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of the 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 sale, the insider now directly 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 accessible through the SEC website. Also, insider Sean B.A. Sullivan sold 25,000 shares of the 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 completion of the transaction, the insider now directly owns 125,326 shares in the company, 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.

Hedge Funds Weigh In On Duckhorn Portfolio

Several institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC bought a new stake in Duckhorn Portfolio in the 2nd quarter worth $31,000. Comerica Bank bought a new stake in shares of Duckhorn Portfolio in the 3rd quarter worth approximately $31,000. Tower Research Capital LLC TRC boosted its position in shares of Duckhorn Portfolio by 49.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,797 shares of the company’s stock worth $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 in the 1st quarter worth approximately $70,000. Finally, Point72 Middle East FZE bought a new position in Duckhorn Portfolio in the 2nd quarter valued at approximately $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.