Duckhorn Portfolio (NYSE:NAPA) Reaches New 12-Month High – Time to Buy?

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) hit a new 52-week high on Wednesday . The stock traded as high as $11.04 and last traded at $11.02, with a volume of 2777 shares. The stock had previously closed at $10.98.

Wall Street Analyst Weigh In

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

Duckhorn Portfolio Trading Up 0.2 %

The business’s fifty day simple moving average is $8.30 and its two-hundred day simple moving average is $7.73. The stock has a market capitalization of $1.62 billion, a P/E ratio of 23.43, a P/E/G ratio of 9.46 and a beta of 0.02. The company has a current ratio of 8.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last issued its earnings results on Monday, October 7th. The company reported $0.14 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 during the quarter, compared to analyst estimates of $104.76 million. During the same period in the prior year, the company posted $0.14 earnings per share. Duckhorn Portfolio’s revenue was up 7.3% on a year-over-year basis. As a group, analysts forecast that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current year.

Institutional Trading of Duckhorn Portfolio

Several large investors have recently added to or reduced their stakes in NAPA. Allspring Global Investments Holdings LLC grew its holdings in shares of Duckhorn Portfolio by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock worth $172,000 after purchasing an additional 1,555 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Duckhorn Portfolio during the first quarter worth about $878,000. Quantbot Technologies LP boosted its holdings in shares of Duckhorn Portfolio by 85.9% in the first quarter. Quantbot Technologies LP now owns 97,556 shares of the company’s stock valued at $908,000 after buying an additional 45,075 shares during the period. Sei Investments Co. bought a new stake in Duckhorn Portfolio in the 1st quarter valued at $468,000. Finally, Bleakley Financial Group LLC acquired a new position in Duckhorn Portfolio in the 1st quarter worth $136,000.

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.