Duckhorn Portfolio (NYSE:NAPA) Given New $10.00 Price Target at Citigroup

Duckhorn Portfolio (NYSE:NAPA) had its price objective cut by Citigroup from $11.00 to $10.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.

NAPA has been the subject of several other research reports. Wedbush dropped their price target on Duckhorn Portfolio from $11.00 to $10.00 and set an outperform rating for the company in a research note on Thursday, May 2nd. Barclays lowered Duckhorn Portfolio from an overweight rating to an equal weight rating and dropped their price target for the stock from $11.00 to $8.00 in a research note on Thursday, April 18th. Bank of America lowered Duckhorn Portfolio from a neutral rating to an underperform rating and dropped their price target for the stock from $11.00 to $8.00 in a research note on Tuesday, February 13th. Royal Bank of Canada dropped their price target on Duckhorn Portfolio from $14.00 to $11.00 and set an outperform rating for the company in a research note on Wednesday, May 29th. Finally, TheStreet raised Duckhorn Portfolio from a d rating to a c rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $9.86.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock opened at $7.50 on Friday. Duckhorn Portfolio has a 52 week low of $7.45 and a 52 week high of $14.46. The business has a 50-day simple moving average of $8.24 and a 200 day simple moving average of $8.96. 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 stock has a market cap of $865.57 million, a price-to-earnings ratio of 13.89, a PEG ratio of 6.91 and a beta of 0.27.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Duckhorn Portfolio had a return on equity of 6.96% and a net margin of 15.69%. The firm had revenue of $103.05 million during the quarter, compared to analyst estimates of $106.38 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, research analysts forecast that Duckhorn Portfolio will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Sean B.A. Sullivan sold 25,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $8.99, for a total value of $224,750.00. Following the completion of the sale, the insider now owns 125,326 shares of the company’s stock, valued at approximately $1,126,680.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Sean B.A. Sullivan sold 25,000 shares of the business’s 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 owns 125,326 shares in the company, valued at approximately $1,126,680.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $9.23, for a total value of $273,955.63. Following the transaction, the insider now owns 104,590 shares in the company, valued at approximately $965,365.70. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Duckhorn Portfolio by 215.2% during the 3rd quarter. FMR LLC now owns 2,458,073 shares of the company’s stock worth $25,220,000 after acquiring an additional 1,678,271 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of 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 acquiring an additional 825,730 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 acquiring an additional 544,305 shares during the period. Wellington Management Group LLP grew its holdings in shares of 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 acquiring an additional 430,595 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Duckhorn Portfolio by 41.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,299,972 shares of the company’s stock worth $12,103,000 after acquiring an additional 378,902 shares during the period.

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.