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

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) hit a new 52-week low during trading on Thursday . The company traded as low as $7.84 and last traded at $8.03, with a volume of 290773 shares traded. The stock had previously closed at $8.25.

Analysts Set New Price Targets

Several research firms have issued reports on NAPA. TheStreet upgraded shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a research note on Monday, March 18th. Barclays downgraded shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $11.00 to $8.00 in a research note on Thursday. Finally, Bank of America downgraded shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $11.00 to $8.00 in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Duckhorn Portfolio has an average rating of “Hold” and an average target price of $12.94.

Duckhorn Portfolio Stock Up 3.3 %

The business’s fifty day moving average price is $9.05 and its 200 day moving average price is $9.53. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $952.13 million, a PE ratio of 14.47, a PEG ratio of 7.21 and a beta of 0.25.

Duckhorn Portfolio (NYSE:NAPA) last announced its earnings results on Thursday, March 7th. The company reported $0.17 EPS 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 business 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 earned $0.17 earnings per share. On average, equities research analysts forecast that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Deirdre Mahlan sold 29,681 shares of the 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 of the company’s stock, valued at $965,365.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Deirdre Mahlan sold 29,681 shares of the 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 of the company’s stock, valued at $965,365.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sean B.A. Sullivan sold 25,000 shares of the 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 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 Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Duckhorn Portfolio by 658.5% during the second quarter. Goldman Sachs Group Inc. now owns 2,592,582 shares of the company’s stock worth $33,626,000 after buying an additional 2,250,778 shares during the period. FMR LLC grew its position in Duckhorn Portfolio by 215.2% during the third quarter. FMR LLC now owns 2,458,073 shares of the company’s stock worth $25,220,000 after buying an additional 1,678,271 shares during the period. FIL Ltd grew its position in Duckhorn Portfolio by 231.3% during the fourth quarter. FIL Ltd now owns 2,277,397 shares of the company’s stock worth $22,432,000 after buying an additional 1,590,000 shares during the period. Westwood Holdings Group Inc. grew 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 during the period. Finally, Millennium Management LLC grew its position in Duckhorn Portfolio by 411.5% during the fourth quarter. Millennium Management LLC now owns 924,542 shares of the company’s stock worth $15,320,000 after buying an additional 743,780 shares during the period.

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.