Duckhorn Portfolio (NYSE:NAPA) Shares Gap Up to $8.29

The Duckhorn Portfolio, Inc. (NYSE:NAPA)’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 Analyst Weigh In

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

Duckhorn Portfolio Trading Up 3.3 %

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 cap of $952.13 million, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 7.21 and a beta of 0.25. The business has a 50 day moving average of $9.06 and a 200 day moving average of $9.54.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. The business had revenue of $103.05 million for the quarter, compared to analyst estimates of $106.38 million. During the same quarter last year, the company earned $0.17 earnings per share. On average, research analysts forecast that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Deirdre Mahlan sold 29,681 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $9.23, for a total transaction of $273,955.63. Following the transaction, the insider now directly owns 104,590 shares in the company, valued at $965,365.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 in the company, valued at $1,126,680.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deirdre Mahlan sold 29,681 shares of the firm’s stock in a transaction dated 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 owns 104,590 shares in the company, valued at $965,365.70. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of large investors have recently modified their holdings of NAPA. Lazard Asset Management LLC purchased a new position in shares of Duckhorn Portfolio in the 2nd quarter worth about $31,000. Comerica Bank purchased a new stake in shares of Duckhorn Portfolio during the 3rd quarter valued at about $31,000. Tower Research Capital LLC TRC raised its holdings in shares of Duckhorn Portfolio by 49.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,797 shares of the company’s stock valued at $55,000 after buying an additional 1,264 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Duckhorn Portfolio during the 3rd quarter valued at about $58,000. Finally, Point72 Middle East FZE purchased a new stake in shares of Duckhorn Portfolio during the 2nd quarter valued at about $62,000.

About Duckhorn Portfolio

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.