Duckhorn Portfolio (NYSE:NAPA) Sets New 1-Year High – Here’s What Happened

The Duckhorn Portfolio, Inc. (NYSE:NAPA) reached a new 52-week high on Monday . The company traded as high as $11.11 and last traded at $11.11, with a volume of 109989 shares. The stock had previously closed at $11.11.

Analyst Ratings Changes

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

Duckhorn Portfolio Stock Performance

The stock has a market capitalization of $1.64 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 11.35 and a beta of 0.03. The company has a quick ratio of 0.61, a current ratio of 3.73 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average of $11.02 and a 200-day moving average of $8.36.

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

Institutional Investors Weigh In On Duckhorn Portfolio

A number of large investors have recently modified their holdings of NAPA. Raymond James & Associates purchased a new position in shares of Duckhorn Portfolio in the 2nd quarter valued at about $1,466,000. Bank of New York Mellon Corp boosted its holdings in shares of Duckhorn Portfolio by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 242,539 shares of the company’s stock valued at $1,722,000 after acquiring an additional 33,024 shares during the period. Moloney Securities Asset Management LLC grew its position in shares of Duckhorn Portfolio by 26.9% during the second quarter. Moloney Securities Asset Management LLC now owns 70,151 shares of the company’s stock worth $498,000 after acquiring an additional 14,887 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Duckhorn Portfolio by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 79,865 shares of the company’s stock valued at $567,000 after acquiring an additional 5,497 shares during the period. Finally, Simon Quick Advisors LLC purchased a new stake in Duckhorn Portfolio in the 2nd quarter valued at $85,000.

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.