BMO Capital Markets Trims Duckhorn Portfolio (NYSE:NAPA) Target Price to $13.00

Duckhorn Portfolio (NYSE:NAPA) had its target price decreased by BMO Capital Markets from $14.00 to $13.00 in a research report report published on Friday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other equities research analysts have also weighed in on NAPA. Bank of America dropped their target price on Duckhorn Portfolio from $20.00 to $18.00 and set a buy rating on the stock in a research report on Tuesday, August 15th. Barclays reduced their price objective on Duckhorn Portfolio from $14.00 to $12.00 and set an overweight rating for the company in a research note on Thursday, October 12th. Wedbush reissued an outperform rating and issued a $15.00 price objective on shares of Duckhorn Portfolio in a research note on Friday. Jefferies Financial Group assumed coverage on Duckhorn Portfolio in a report on Monday, November 13th. They issued a buy rating and a $13.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on Duckhorn Portfolio from $23.00 to $19.00 and set an outperform rating on the stock in a report on Monday, September 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $15.88.

Duckhorn Portfolio Stock Performance

Shares of Duckhorn Portfolio stock opened at $10.20 on Friday. The firm’s fifty day simple moving average is $10.70 and its 200-day simple moving average is $12.22. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.24 and a beta of 0.25. Duckhorn Portfolio has a 12 month low of $9.32 and a 12 month high of $17.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.20 and a quick ratio of 0.88.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings data on Wednesday, September 27th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $100.10 million for the quarter, compared to analyst estimates of $100.61 million. Duckhorn Portfolio had a net margin of 17.20% and a return on equity of 7.98%. As a group, equities analysts forecast that Duckhorn Portfolio will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Deirdre Mahlan acquired 5,000 shares of Duckhorn Portfolio stock in a transaction that occurred on Wednesday, October 4th. The shares were acquired at an average price of $9.95 per share, for a total transaction of $49,750.00. Following the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $49,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Dark Forest Capital Management LP raised its holdings in shares of Duckhorn Portfolio by 34.4% in the 1st quarter. Dark Forest Capital Management LP now owns 57,851 shares of the company’s stock worth $920,000 after purchasing an additional 14,799 shares during the period. Barclays PLC lifted its position in shares of Duckhorn Portfolio by 38.6% during the 1st quarter. Barclays PLC now owns 26,574 shares of the company’s stock valued at $423,000 after buying an additional 7,398 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Duckhorn Portfolio during the 1st quarter worth $1,343,000. Arizona State Retirement System increased its holdings in Duckhorn Portfolio by 24.7% in the 2nd quarter. Arizona State Retirement System now owns 14,563 shares of the company’s stock worth $189,000 after acquiring an additional 2,882 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Duckhorn Portfolio by 15.1% during the first quarter. American Century Companies Inc. now owns 1,480,886 shares of the company’s stock valued at $23,503,000 after purchasing an additional 194,490 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

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.