Wedbush Trims Duckhorn Portfolio (NYSE:NAPA) Target Price to $10.00

Duckhorn Portfolio (NYSE:NAPA) had its price target decreased by investment analysts at Wedbush from $11.00 to $10.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s target price would suggest a potential upside of 27.23% from the stock’s previous close. Wedbush also issued estimates for Duckhorn Portfolio’s Q3 2024 earnings at $0.14 EPS, FY2024 earnings at $0.57 EPS and Q3 2025 earnings at $0.15 EPS.

NAPA has been the subject of a number of other reports. Bank of America lowered Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $11.00 to $8.00 in a research note on Tuesday, February 13th. TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. Finally, Barclays cut shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $11.00 to $8.00 in a research report on Thursday, April 18th. One investment 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.31.

Duckhorn Portfolio Price Performance

Shares of Duckhorn Portfolio stock traded down $0.14 on Thursday, hitting $7.86. 1,017,916 shares of the company traded hands, compared to its average volume of 1,089,879. Duckhorn Portfolio has a 52 week low of $7.49 and a 52 week high of $15.05. The business has a 50-day simple moving average of $8.85 and a 200 day simple moving average of $9.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 6.85. The stock has a market capitalization of $907.12 million, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 7.07 and a beta of 0.28.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (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 company had revenue of $103.05 million for the quarter, compared to the consensus estimate of $106.38 million. During the same period in the previous year, the firm posted $0.17 EPS. Research analysts expect that Duckhorn Portfolio will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sean B.A. Sullivan sold 25,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total value of $224,750.00. Following the sale, the insider now owns 125,326 shares of the company’s stock, valued at $1,126,680.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Deirdre Mahlan sold 29,681 shares of the firm’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 transaction of $273,955.63. Following the completion of the sale, the insider now directly owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sean B.A. Sullivan sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total value of $224,750.00. Following the completion of the transaction, the insider now directly owns 125,326 shares in the company, valued at approximately $1,126,680.74. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Institutional Trading of Duckhorn Portfolio

Large investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale purchased a new position in Duckhorn Portfolio in the 3rd quarter worth about $58,000. CWM LLC increased its position in shares of Duckhorn Portfolio by 1,406.8% during the fourth quarter. CWM LLC now owns 6,856 shares of the company’s stock worth $68,000 after acquiring an additional 6,401 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Duckhorn Portfolio by 94.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,289 shares of the company’s stock valued at $101,000 after acquiring an additional 4,992 shares in the last quarter. Caxton Associates LP bought a new stake in shares of Duckhorn Portfolio during the third quarter valued at approximately $112,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Duckhorn Portfolio in the fourth quarter valued at approximately $116,000.

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.