The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives $9.85 Consensus Target Price from Analysts

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $9.85.

Several research analysts have recently commented on NAPA shares. 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 research note on Friday, October 11th. Barclays raised their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock opened at $10.98 on Friday. The company has a market capitalization of $1.62 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 9.46 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 has a fifty-two week low of $5.38 and a fifty-two week high of $11.10. The firm has a 50 day moving average price of $9.71 and a 200 day moving average price of $8.00.

Duckhorn Portfolio (NYSE:NAPA) last posted 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 6.24% and a net margin of 13.81%. The firm had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts expect that Duckhorn Portfolio will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Westwood Holdings Group Inc. boosted 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 in the last quarter. Kennedy Capital Management LLC grew its position in Duckhorn Portfolio by 41.2% during the first 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 period. Marshall Wace LLP purchased a new position in Duckhorn Portfolio in the second quarter valued at about $2,519,000. Raymond James & Associates acquired a new stake in shares of Duckhorn Portfolio during the 2nd quarter valued at approximately $1,466,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Duckhorn Portfolio during the 3rd quarter worth approximately $620,000.

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.