Duckhorn Portfolio (NYSE:NAPA) Hits New 52-Week Low at $7.84

The Duckhorn Portfolio, Inc. (NYSE:NAPA - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.84 and last traded at $8.03, with a volume of 290773 shares trading hands. The stock had previously closed at $8.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NAPA shares. Barclays downgraded 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 research note on Thursday. TheStreet upgraded shares of Duckhorn Portfolio from a "d" rating to a "c" rating in a report on Monday, March 18th. Finally, Bank of America cut shares of Duckhorn Portfolio from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $11.00 to $8.00 in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.94.

Duckhorn Portfolio Stock Down 3.2 %

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 company's 50-day moving average is $9.06 and its 200 day moving average is $9.54. The stock has a market capitalization of $922.13 million, a PE ratio of 14.02, a price-to-earnings-growth ratio of 7.25 and a beta of 0.25.

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 (EPS) for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $103.05 million for the quarter, compared to analyst estimates 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 previous year, the firm earned $0.17 EPS. As a group, analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.59 EPS for the current year.

Insider Transactions at Duckhorn Portfolio

In other news, insider Sean B.A. Sullivan sold 25,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $1,126,680.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Deirdre Mahlan sold 29,681 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now directly owns 104,590 shares of the company's stock, valued at $965,365.70. The sale 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 company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 125,326 shares of the company's stock, valued at $1,126,680.74. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Duckhorn Portfolio

Several large investors have recently modified their holdings of the company. Raymond James & Associates raised its position in Duckhorn Portfolio by 2.5% in the first quarter. Raymond James & Associates now owns 25,384 shares of the company's stock worth $462,000 after acquiring an additional 626 shares in the last quarter. MetLife Investment Management LLC raised its position in Duckhorn Portfolio by 4.7% in the second quarter. MetLife Investment Management LLC now owns 22,283 shares of the company's stock worth $289,000 after acquiring an additional 1,008 shares in the last quarter. AdvisorShares Investments LLC grew its holdings in Duckhorn Portfolio by 10.5% in the third quarter. AdvisorShares Investments LLC now owns 11,998 shares of the company's stock valued at $123,000 after purchasing an additional 1,137 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Duckhorn Portfolio by 1.1% during the fourth quarter. Nuveen Asset Management LLC now owns 104,557 shares of the company's stock valued at $1,030,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Duckhorn Portfolio by 1.1% during the third quarter. Swiss National Bank now owns 114,000 shares of the company's stock valued at $1,170,000 after acquiring an additional 1,200 shares during 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.