Duckhorn Portfolio (NYSE:NAPA) Sees Unusually-High Trading Volume – Still a Buy?

The Duckhorn Portfolio, Inc. (NYSE:NAPA) saw strong trading volume on Friday . 1,427,541 shares changed hands during trading, an increase of 1% from the previous session’s volume of 1,420,081 shares.The stock last traded at $10.97 and had previously closed at $10.97.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NAPA shares. Barclays lifted their price target on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada downgraded shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $11.00 to $11.10 in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.30.

Duckhorn Portfolio Stock Performance

The stock’s 50-day moving average price is $7.07 and its 200 day moving average price is $7.49. The company has a quick ratio of 1.04, a current ratio of 8.05 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.61 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 9.43 and a beta of 0.21.

Duckhorn Portfolio (NYSE:NAPA) last announced its earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. The firm had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. As a group, research analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Trading of Duckhorn Portfolio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Duckhorn Portfolio by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 5,274,221 shares of the company’s stock worth $49,103,000 after purchasing an additional 190,083 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Duckhorn Portfolio by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,831,391 shares of the company’s stock worth $27,203,000 after buying an additional 98,038 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Duckhorn Portfolio by 4.0% during the second quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock valued at $26,009,000 after acquiring an additional 140,113 shares during the period. Kennedy Capital Management LLC increased its stake in Duckhorn Portfolio by 41.2% during 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 during the period. Finally, First Eagle Investment Management LLC raised its holdings in Duckhorn Portfolio by 5.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 377,472 shares of the company’s stock valued at $2,680,000 after acquiring an additional 18,500 shares in the last quarter.

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.