Duckhorn Portfolio (NYSE:NAPA) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Duckhorn Portfolio (NYSE:NAPA) posted its quarterly earnings results on Monday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04, Briefing.com reports. The company had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year.

Duckhorn Portfolio Stock Performance

Shares of NAPA stock opened at $10.95 on Wednesday. The company has a market capitalization of $1.61 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 4.86 and a beta of 0.21. Duckhorn Portfolio has a 52-week low of $5.38 and a 52-week high of $11.08. The business’s fifty day moving average is $6.40 and its 200 day moving average is $7.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 8.09.

Hedge Funds Weigh In On Duckhorn Portfolio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC bought a new position in shares of Duckhorn Portfolio in the 1st quarter worth $878,000. Capstone Investment Advisors LLC bought a new position in Duckhorn Portfolio in the first quarter valued at $1,387,000. Stokes Family Office LLC purchased a new stake in Duckhorn Portfolio during the first quarter valued at about $1,255,000. Westwood Holdings Group Inc. lifted its stake in Duckhorn Portfolio by 4.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company’s stock worth $32,801,000 after purchasing an additional 154,320 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in shares of Duckhorn Portfolio by 41.2% in the 1st quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock worth $4,261,000 after purchasing an additional 133,579 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price objective on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.29.

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.