Duckhorn Portfolio (NYSE:NAPA) Sets New 12-Month Low Following Insider Selling

The Duckhorn Portfolio, Inc. (NYSE:NAPA - Get Free Report) shares reached a new 52-week low on Thursday following insider selling activity. The company traded as low as $8.31 and last traded at $8.37, with a volume of 179811 shares. The stock had previously closed at $8.47.

Specifically, insider Sean B.A. Sullivan sold 9,700 shares of the company's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $9.13, for a total value of $88,561.00. Following the sale, the insider now owns 154,797 shares of the company's stock, valued at $1,413,296.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 9,700 shares of the company's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $9.13, for a total value of $88,561.00. Following the sale, the insider now owns 154,797 shares of the company's stock, valued at $1,413,296.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. Insiders have sold 69,681 shares of company stock valued at $637,617 over the last quarter. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on 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 downgraded Duckhorn Portfolio from a "neutral" rating to an "underperform" rating and reduced 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, one has issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Duckhorn Portfolio currently has an average rating of "Moderate Buy" and an average price target of $13.56.

Duckhorn Portfolio Trading Down 0.5 %

The firm has a market capitalization of $972.91 million, a PE ratio of 14.79, a P/E/G ratio of 7.86 and a beta of 0.25. 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 has a fifty day moving average of $9.11 and a 200 day moving average of $9.65.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share 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 firm had revenue of $103.05 million during the quarter, compared to analyst estimates of $106.38 million. During the same quarter last year, the firm earned $0.17 EPS. Equities research analysts expect that The Duckhorn Portfolio, Inc. will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NAPA. Wellington Management Group LLP lifted its holdings in shares of 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 purchasing an additional 430,595 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its holdings in shares of Duckhorn Portfolio by 190.6% in 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 last quarter. 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 purchasing an additional 74,455 shares during the last quarter. FMR LLC lifted its holdings in shares of Duckhorn Portfolio by 215.2% in the 3rd quarter. FMR LLC now owns 2,458,073 shares of the company's stock worth $25,220,000 after purchasing an additional 1,678,271 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Duckhorn Portfolio by 1.1% in the 3rd quarter. Swiss National Bank now owns 114,000 shares of the company's stock worth $1,170,000 after purchasing an additional 1,200 shares during 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.