Duckhorn Portfolio (NYSE:NAPA) Hits New 52-Week High – What’s Next?

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NAPA shares. Royal Bank of Canada cut Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $11.00 to $11.10 in a report on Friday, October 11th. Barclays lifted 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 note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Duckhorn Portfolio currently has a consensus rating of “Hold” and a consensus price target of $9.85.

Duckhorn Portfolio Stock Down 0.1 %

The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 9.49 and a beta of 0.02. The business has a 50-day moving average of $8.88 and a 200-day moving average of $7.84. 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 announced its earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $107.40 million during the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. Duckhorn Portfolio’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. On average, sell-side analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Duckhorn Portfolio

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of Duckhorn Portfolio in the first quarter valued at approximately $878,000. Westwood Holdings Group Inc. increased its position in shares of Duckhorn Portfolio by 4.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company’s stock worth $32,801,000 after acquiring an additional 154,320 shares during the period. Kennedy Capital Management LLC raised its stake in shares of Duckhorn Portfolio by 41.2% in the first quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock valued at $4,261,000 after acquiring an additional 133,579 shares in the last quarter. Marshall Wace LLP purchased a new position in Duckhorn Portfolio in the second quarter valued at $2,519,000. Finally, Raymond James & Associates acquired a new position in Duckhorn Portfolio during the 2nd quarter worth $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.