Duckhorn Portfolio (NYSE:NAPA) Sees Strong Trading Volume – What’s Next?

The Duckhorn Portfolio, Inc. (NYSE:NAPA) shares saw strong trading volume on Thursday . 753,215 shares changed hands during mid-day trading, a decline of 47% from the previous session’s volume of 1,424,687 shares.The stock last traded at $10.97 and had previously closed at $10.98.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays boosted their price objective on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $11.00 to $11.10 in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.30.

Duckhorn Portfolio Price Performance

The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 9.43 and a beta of 0.21. The company has a 50 day simple moving average of $7.34 and a 200-day simple moving average of $7.53. The company has a current ratio of 8.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last announced its earnings results on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Duckhorn Portfolio had a return on equity of 6.24% and a net margin of 13.81%. The business had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. During the same quarter last year, the firm earned $0.14 EPS. Duckhorn Portfolio’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current year.

Institutional Trading of Duckhorn Portfolio

A number of institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in Duckhorn Portfolio in the 2nd quarter valued at $2,519,000. First Eagle Investment Management LLC raised its holdings in Duckhorn Portfolio by 226.3% during the first quarter. First Eagle Investment Management LLC now owns 358,972 shares of the company’s stock worth $3,342,000 after acquiring an additional 248,972 shares in the last quarter. Raymond James & Associates acquired a new position in Duckhorn Portfolio during the second quarter valued at approximately $1,466,000. Vanguard Group Inc. grew its stake in Duckhorn Portfolio by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,274,221 shares of the company’s stock valued at $49,103,000 after purchasing an additional 190,083 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of Duckhorn Portfolio by 4.6% during the 1st 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.

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.