Duckhorn Portfolio (NYSE:NAPA) Rating Lowered to Equal Weight at Barclays

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) was downgraded by investment analysts at Barclays from an "overweight" rating to an "equal weight" rating in a note issued to investors on Thursday, Marketbeat reports. They presently have a $8.00 price target on the stock, down from their prior price target of $11.00. Barclays's price objective points to a potential upside of 0.13% from the stock's current price.

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

Duckhorn Portfolio Stock Performance

Duckhorn Portfolio stock traded down $0.26 during mid-day trading on Thursday, reaching $7.99. The company had a trading volume of 2,914,662 shares, compared to its average volume of 1,113,621. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28. Duckhorn Portfolio has a 52 week low of $7.78 and a 52 week high of $15.37. The company has a 50 day moving average of $9.06 and a 200-day moving average of $9.54. The firm has a market cap of $922.13 million, a price-to-earnings ratio of 14.02, a PEG ratio of 7.25 and a beta of 0.25.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last issued its quarterly earnings results 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 net margin of 16.62% and a return on equity of 7.27%. The firm had revenue of $103.05 million during the quarter, compared to the consensus estimate of $106.38 million. During the same period in the prior year, the firm earned $0.17 EPS. On average, sell-side analysts expect that Duckhorn Portfolio will post 0.59 EPS for the current fiscal 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 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 approximately $1,126,680.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 25,000 shares of the 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 approximately $1,126,680.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Deirdre Mahlan sold 29,681 shares of the firm's 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 directly owns 104,590 shares in the company, valued at approximately $965,365.70. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in shares of Duckhorn Portfolio in the 2nd quarter valued at about $31,000. Comerica Bank bought a new position in Duckhorn Portfolio during the 3rd quarter worth approximately $31,000. Tower Research Capital LLC TRC boosted its stake in Duckhorn Portfolio by 49.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,797 shares of the company's stock worth $55,000 after acquiring an additional 1,264 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Duckhorn Portfolio during the 3rd quarter worth approximately $58,000. Finally, Point72 Middle East FZE bought a new position in Duckhorn Portfolio during the 2nd quarter worth 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.