The Duckhorn Portfolio, Inc. (NYSE:NAPA) Insider Deirdre Mahlan Sells 29,681 Shares

The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Free Report) insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were 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 in the company, valued at approximately $965,365.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Duckhorn Portfolio Price Performance

Shares of NAPA stock opened at $9.31 on Friday. The Duckhorn Portfolio, Inc. has a 12-month low of $8.34 and a 12-month high of $16.11. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 8.14 and a beta of 0.25. 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 fifty day moving average of $9.09 and a 200-day moving average of $9.84.

Duckhorn Portfolio (NYSE:NAPAGet Free Report) last announced its earnings results on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. The firm had revenue of $103.05 million during the quarter, compared to analyst estimates of $106.38 million. During the same period in the prior year, the business earned $0.17 EPS. On average, equities research analysts forecast that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Citigroup lowered their price target on shares of Duckhorn Portfolio from $16.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, December 8th. Bank of America cut shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $11.00 to $8.00 in a research report on Tuesday, February 13th. BMO Capital Markets reduced their price objective on shares of Duckhorn Portfolio from $13.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, December 11th. Barclays lifted their target price on shares of Duckhorn Portfolio from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday, December 8th. Finally, TheStreet raised shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.56.

Check Out Our Latest Report on NAPA

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates grew its position in shares of Duckhorn Portfolio by 2.5% during the 1st quarter. Raymond James & Associates now owns 25,384 shares of the company’s stock worth $462,000 after purchasing an additional 626 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Duckhorn Portfolio by 4.7% during the 2nd quarter. MetLife Investment Management LLC now owns 22,283 shares of the company’s stock worth $289,000 after acquiring an additional 1,008 shares in the last quarter. AdvisorShares Investments LLC boosted its position in shares of Duckhorn Portfolio by 10.5% during the 3rd quarter. AdvisorShares Investments LLC now owns 11,998 shares of the company’s stock worth $123,000 after acquiring an additional 1,137 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Duckhorn Portfolio by 1.1% during the 4th quarter. Nuveen Asset Management LLC now owns 104,557 shares of the company’s stock worth $1,030,000 after acquiring an additional 1,164 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Duckhorn Portfolio by 1.1% during the 3rd quarter. Swiss National Bank now owns 114,000 shares of the company’s stock worth $1,170,000 after acquiring an additional 1,200 shares in the last quarter.

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.

Further Reading

Insider Buying and Selling by Quarter for Duckhorn Portfolio (NYSE:NAPA)

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