The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives Consensus Recommendation of “Hold” from Analysts

The Duckhorn Portfolio, Inc. (NYSE:NAPA) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $9.86.

NAPA has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price target on Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. Wedbush dropped their target price on shares of Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Citigroup cut their target price on shares of Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, BMO Capital Markets dropped their target price on shares of Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Friday, June 7th.

Institutional Investors Weigh In On Duckhorn Portfolio

Several large investors have recently made changes to their positions in NAPA. Westwood Holdings Group Inc. grew its position in Duckhorn Portfolio by 32.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company’s stock worth $33,183,000 after acquiring an additional 825,730 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Duckhorn Portfolio by 41.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,299,972 shares of the company’s stock valued at $12,103,000 after buying an additional 378,902 shares during the last quarter. Marshall Wace LLP purchased a new stake in Duckhorn Portfolio during the 2nd quarter valued at about $2,519,000. Massachusetts Financial Services Co. MA raised its holdings in Duckhorn Portfolio by 9.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,751,059 shares of the company’s stock worth $36,948,000 after acquiring an additional 332,292 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Duckhorn Portfolio by 7.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,577,702 shares of the company’s stock worth $35,241,000 after buying an additional 254,641 shares in the last quarter.

Duckhorn Portfolio Stock Performance

Shares of NAPA stock opened at $6.70 on Monday. Duckhorn Portfolio has a 12-month low of $6.41 and a 12-month high of $12.89. The business has a 50 day simple moving average of $7.12 and a 200 day simple moving average of $8.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.09 and a quick ratio of 1.04. The firm has a market capitalization of $985.25 million, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 6.01 and a beta of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings results on Thursday, June 6th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. The firm had revenue of $92.53 million for the quarter, compared to analysts’ expectations of $92.19 million. On average, equities research analysts anticipate that Duckhorn Portfolio will post 0.52 EPS for the current year.

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.