Duckhorn Portfolio (NYSE:NAPA) Sees Unusually-High Trading Volume

The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Rating) saw strong trading volume on Tuesday . 99,292 shares were traded during trading, a decline of 81% from the previous session’s volume of 522,678 shares.The stock last traded at $18.98 and had previously closed at $18.83.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup cut their price objective on shares of Duckhorn Portfolio from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, August 2nd. Barclays upped their target price on shares of Duckhorn Portfolio from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, June 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.29.

Duckhorn Portfolio Stock Down 0.3 %

The company has a current ratio of 6.24, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.23 and a beta of -0.32. The firm has a 50-day moving average of $19.54 and a 200 day moving average of $19.21.

Duckhorn Portfolio (NYSE:NAPAGet Rating) last announced its quarterly earnings results on Thursday, June 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $91.58 million during the quarter, compared to analyst estimates of $84.54 million. Duckhorn Portfolio had a return on equity of 8.06% and a net margin of 17.02%. During the same quarter in the previous year, the firm posted $0.09 EPS. On average, sell-side analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.57 earnings per share for the current year.

Insiders Place Their Bets

In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 2,400 shares of Duckhorn Portfolio stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $20.00, for a total transaction of $48,000.00. Following the transaction, the insider now directly owns 182,416 shares in the company, valued at $3,648,320. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Mallard Holdco, Llc sold 5,000,000 shares of Duckhorn Portfolio stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $19.25, for a total value of $96,250,000.00. Following the sale, the insider now owns 69,150,301 shares of the company’s stock, valued at $1,331,143,294.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sean B.A. Sullivan sold 2,400 shares of Duckhorn Portfolio stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $20.00, for a total value of $48,000.00. Following the completion of the sale, the insider now directly owns 182,416 shares in the company, valued at approximately $3,648,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,075,017 shares of company stock worth $97,805,305. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duckhorn Portfolio

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates grew its stake in Duckhorn Portfolio by 2.5% in the 1st quarter. Raymond James & Associates now owns 25,384 shares of the company’s stock valued at $462,000 after buying an additional 626 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Duckhorn Portfolio by 1.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 56,293 shares of the company’s stock valued at $1,024,000 after purchasing an additional 666 shares during the period. New York State Common Retirement Fund lifted its position in Duckhorn Portfolio by 11.1% during the fourth quarter. New York State Common Retirement Fund now owns 19,465 shares of the company’s stock valued at $454,000 after purchasing an additional 1,942 shares during the period. Envestnet Asset Management Inc. increased its holdings in Duckhorn Portfolio by 11.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,037 shares of the company’s stock valued at $468,000 after buying an additional 2,129 shares during the last quarter. Finally, Toroso Investments LLC increased its holdings in Duckhorn Portfolio by 23.2% during the first quarter. Toroso Investments LLC now owns 11,646 shares of the company’s stock valued at $212,000 after buying an additional 2,191 shares during the last quarter. 95.72% of the stock is currently owned by institutional investors.

About Duckhorn Portfolio

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The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers.

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