Duckhorn Portfolio (NYSE:NAPA) Reaches New 12-Month High – Here’s What Happened

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $11.10 and last traded at $11.09, with a volume of 258218 shares traded. The stock had previously closed at $11.08.

Analyst Upgrades and Downgrades

NAPA has been the topic of several research analyst reports. Jefferies Financial Group cut shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research report on Friday, December 6th. Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $11.00 to $11.10 in a report on Friday, October 11th. Finally, Barclays raised their price objective on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Duckhorn Portfolio currently has an average rating of “Hold” and a consensus price target of $10.01.

Duckhorn Portfolio Stock Up 0.0 %

The company has a market capitalization of $1.63 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 11.35 and a beta of 0.03. The company has a 50-day moving average of $11.01 and a two-hundred day moving average of $8.30. The company has a quick ratio of 0.61, a current ratio of 3.73 and a debt-to-equity ratio of 0.22.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. Duckhorn Portfolio had a net margin of 12.12% and a return on equity of 6.30%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, research analysts predict that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Duckhorn Portfolio

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NAPA. SG Americas Securities LLC purchased a new stake in shares of Duckhorn Portfolio during the 2nd quarter valued at about $343,000. Raymond James & Associates bought a new stake in Duckhorn Portfolio in the 2nd quarter worth approximately $1,466,000. Bank of New York Mellon Corp raised its stake in Duckhorn Portfolio by 15.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 242,539 shares of the company’s stock valued at $1,722,000 after buying an additional 33,024 shares during the last quarter. Moloney Securities Asset Management LLC lifted its holdings in shares of Duckhorn Portfolio by 26.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 70,151 shares of the company’s stock valued at $498,000 after buying an additional 14,887 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Duckhorn Portfolio by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 79,865 shares of the company’s stock worth $567,000 after buying an additional 5,497 shares during the last quarter.

Duckhorn Portfolio Company Profile

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.