Duckhorn Portfolio (NYSE:NAPA) Hits New 52-Week Low at $7.78

The Duckhorn Portfolio, Inc. (NYSE:NAPA) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.78 and last traded at $8.15, with a volume of 130689 shares trading hands. The stock had previously closed at $8.47.

Wall Street Analysts Forecast Growth

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

Duckhorn Portfolio Trading Down 10.3 %

The stock has a market cap of $877.11 million, a PE ratio of 14.30, a PEG ratio of 7.45 and a beta of 0.25. 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 fifty day moving average price of $8.94 and a 200 day moving average price of $9.46.

Duckhorn Portfolio (NYSE:NAPA) last announced its earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. The firm had revenue of $103.05 million during the quarter, compared to analysts’ expectations of $106.38 million. During the same quarter in the previous year, the business earned $0.17 EPS. Equities analysts expect that The Duckhorn Portfolio, Inc. will post 0.59 EPS for the current year.

Insider Buying and Selling at Duckhorn Portfolio

In other news, insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Deirdre Mahlan sold 29,681 shares of the company’s 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 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 at this link. Also, insider Sean B.A. Sullivan sold 25,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total value 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 disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of hedge funds have recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Duckhorn Portfolio by 215.2% during the third quarter. FMR LLC now owns 2,458,073 shares of the company’s stock valued at $25,220,000 after acquiring an additional 1,678,271 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in Duckhorn Portfolio by 32.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company’s stock worth $33,183,000 after purchasing an additional 825,730 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Duckhorn Portfolio by 18.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,418,767 shares of the company’s stock worth $35,077,000 after purchasing an additional 544,305 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Duckhorn Portfolio by 102.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 851,549 shares of the company’s stock worth $8,737,000 after purchasing an additional 431,925 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Duckhorn Portfolio by 66.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,081,027 shares of the company’s stock worth $11,091,000 after purchasing an additional 430,595 shares in the last quarter.

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.