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

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) reached a new 52-week high on Thursday . The company traded as high as $11.07 and last traded at $11.05, with a volume of 372665 shares traded. The stock had previously closed at $11.01.

Analyst Upgrades and Downgrades

NAPA has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $11.00 to $11.10 in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.85.

Duckhorn Portfolio Stock Down 0.1 %

The firm has a 50-day moving average price of $8.88 and a two-hundred day moving average price of $7.84. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 9.49 and a beta of 0.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 8.05.

Duckhorn Portfolio (NYSE:NAPA) last released 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. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The company had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current year.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new position in shares of Duckhorn Portfolio during the first quarter worth about $878,000. Westwood Holdings Group Inc. boosted its position in shares of Duckhorn Portfolio by 4.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company’s stock valued at $32,801,000 after purchasing an additional 154,320 shares during the period. Kennedy Capital Management LLC grew its stake in Duckhorn Portfolio by 41.2% during the 1st quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock worth $4,261,000 after buying an additional 133,579 shares during the last quarter. Marshall Wace LLP acquired a new position in Duckhorn Portfolio during the second quarter worth approximately $2,519,000. Finally, Raymond James & Associates acquired a new position in Duckhorn Portfolio during the second quarter worth approximately $1,466,000.

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.