Duckhorn Portfolio (NYSE:NAPA) Issues Quarterly Earnings Results

Duckhorn Portfolio (NYSE:NAPAGet Free Report) announced its quarterly earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17, Zacks reports. Duckhorn Portfolio had a return on equity of 7.34% and a net margin of 16.62%. The company 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 firm posted $0.17 EPS. Duckhorn Portfolio updated its FY24 guidance to $0.63-0.65 EPS and its FY 2024 guidance to 0.630-0.650 EPS.

Duckhorn Portfolio Stock Down 8.6 %

Shares of Duckhorn Portfolio stock opened at $8.63 on Friday. Duckhorn Portfolio has a 12-month low of $8.34 and a 12-month high of $16.63. The firm has a market capitalization of $995.64 million, a PE ratio of 15.14, a price-to-earnings-growth ratio of 7.56 and a beta of 0.25. The company has a quick ratio of 0.64, a current ratio of 3.11 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average is $9.20 and its 200-day moving average is $10.16.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NAPA shares. Citigroup reduced their price objective on shares of Duckhorn Portfolio from $16.00 to $12.50 and set a “buy” rating for the company in a report on Friday, December 8th. Barclays raised their price objective on shares of Duckhorn Portfolio from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Friday, December 8th. Bank of America downgraded Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $11.00 to $8.00 in a research report on Tuesday, February 13th. Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of Duckhorn Portfolio in a research report on Friday, November 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $19.00 price objective on shares of Duckhorn Portfolio in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.56.

Check Out Our Latest Stock Analysis on NAPA

Insider Activity at Duckhorn Portfolio

In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 9,700 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $9.13, for a total transaction of $88,561.00. Following the sale, the insider now owns 154,797 shares in the company, valued at approximately $1,413,296.61. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 9,700 shares of Duckhorn Portfolio stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $9.13, for a total transaction of $88,561.00. Following the transaction, the insider now directly owns 154,797 shares in the company, valued at approximately $1,413,296.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Pete Przybylinski sold 21,599 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $10.00, for a total value of $215,990.00. Following the completion of the sale, the insider now owns 288,533 shares of the company’s stock, valued at approximately $2,885,330. The disclosure for this sale can be found here. Insiders sold 50,306 shares of company stock worth $492,108 in the last quarter. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of institutional investors have recently bought and sold shares of NAPA. Vanguard Group Inc. grew its holdings in shares of Duckhorn Portfolio by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 5,084,138 shares of the company’s stock valued at $50,079,000 after acquiring an additional 228,651 shares in the last quarter. BlackRock Inc. grew its stake in Duckhorn Portfolio by 17.3% in the second quarter. BlackRock Inc. now owns 3,659,341 shares of the company’s stock valued at $47,462,000 after purchasing an additional 539,940 shares in the last quarter. Wasatch Advisors LP increased its position in Duckhorn Portfolio by 0.6% in the 1st quarter. Wasatch Advisors LP now owns 3,094,314 shares of the company’s stock worth $49,200,000 after purchasing an additional 17,643 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Duckhorn Portfolio by 658.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,592,582 shares of the company’s stock worth $33,626,000 after purchasing an additional 2,250,778 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Duckhorn Portfolio by 7.5% during the 1st quarter. Federated Hermes Inc. now owns 2,279,202 shares of the company’s stock valued at $41,458,000 after buying an additional 159,389 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

About Duckhorn Portfolio

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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.

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Earnings History for Duckhorn Portfolio (NYSE:NAPA)

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