Duckhorn Portfolio (NYSE:NAPA) Price Target Increased to $11.00 by Analysts at Barclays

Duckhorn Portfolio (NYSE:NAPA) had its price objective upped by Barclays from $6.00 to $11.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock opened at $10.95 on Tuesday. The company has a 50 day moving average of $6.33 and a 200-day moving average of $7.36. The company has a quick ratio of 1.04, a current ratio of 8.09 and a debt-to-equity ratio of 0.24. Duckhorn Portfolio has a twelve month low of $5.38 and a twelve month high of $11.08. The stock has a market capitalization of $1.61 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 4.86 and a beta of 0.21.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings data on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. On average, equities research analysts anticipate that Duckhorn Portfolio will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NAPA. Bessemer Group Inc. lifted its stake in Duckhorn Portfolio by 8.7% in the 1st quarter. Bessemer Group Inc. now owns 18,750 shares of the company’s stock valued at $175,000 after acquiring an additional 1,505 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Duckhorn Portfolio by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock valued at $172,000 after purchasing an additional 1,555 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Duckhorn Portfolio by 16.9% in the second quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock worth $154,000 after purchasing an additional 3,129 shares in the last quarter. Sei Investments Co. boosted its holdings in Duckhorn Portfolio by 7.6% during the second quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock worth $384,000 after purchasing an additional 3,829 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Duckhorn Portfolio by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company’s stock worth $142,000 after purchasing an additional 4,170 shares during the last quarter.

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.