The Duckhorn Portfolio, Inc. (NYSE:NAPA - Get Free Report)'s share price 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 changing hands.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in 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 reduced their target price for the company from $11.00 to $8.00 in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Duckhorn Portfolio presently has an average rating of "Moderate Buy" and a consensus target price of $13.56.
Read Our Latest Stock Analysis on NAPA
Duckhorn Portfolio Price Performance
The company has a market cap of $952.70 million, a price-to-earnings ratio of 14.48, a PEG ratio of 7.19 and a beta of 0.25. The company's 50 day moving average price is $9.08 and its 200 day moving average price is $9.56. The company has a current ratio of 6.85, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28.
Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analysts' expectations of $106.38 million. During the same period in the prior year, the company posted $0.17 earnings per share. Equities research analysts forecast that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current year.
Insider Activity at Duckhorn Portfolio
In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 25,000 shares of the business's stock in a transaction 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 sale, the insider now directly owns 125,326 shares in the company, valued at approximately $1,126,680.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Sean B.A. Sullivan sold 25,000 shares of Duckhorn Portfolio 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 completion of the sale, the insider now directly owns 125,326 shares in the company, valued at approximately $1,126,680.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 sale, the insider now owns 104,590 shares in the company, valued at approximately $965,365.70. 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 hedge funds have recently added to or reduced their stakes in NAPA. Goldman Sachs Group Inc. grew its position in shares of Duckhorn Portfolio by 658.5% in the second quarter. Goldman Sachs Group Inc. now owns 2,592,582 shares of the company's stock valued at $33,626,000 after purchasing an additional 2,250,778 shares during the last quarter. FMR LLC grew its holdings in Duckhorn Portfolio by 215.2% during the 3rd quarter. FMR LLC now owns 2,458,073 shares of the company's stock valued at $25,220,000 after buying an additional 1,678,271 shares during the last quarter. FIL Ltd grew its holdings in Duckhorn Portfolio by 231.3% during the 4th quarter. FIL Ltd now owns 2,277,397 shares of the company's stock valued at $22,432,000 after buying an additional 1,590,000 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Duckhorn Portfolio by 32.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company's stock worth $33,183,000 after buying an additional 825,730 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Duckhorn Portfolio by 411.5% in the fourth quarter. Millennium Management LLC now owns 924,542 shares of the company's stock worth $15,320,000 after acquiring an additional 743,780 shares during the last quarter.
About Duckhorn Portfolio
(
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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.
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