The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives $10.30 Consensus Target Price from Brokerages

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $10.30.

A number of brokerages have recently weighed in on NAPA. Barclays upped their target price 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 lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $11.00 to $11.10 in a research note on Friday, October 11th.

Institutional Trading of Duckhorn Portfolio

Several large investors have recently added to or reduced their stakes in NAPA. Bessemer Group Inc. lifted its stake in shares of 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 purchasing an additional 1,505 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 worth $172,000 after buying an additional 1,555 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Duckhorn Portfolio by 16.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock worth $154,000 after acquiring an additional 3,129 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Duckhorn Portfolio by 7.6% during the 2nd quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock valued at $384,000 after acquiring an additional 3,829 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Duckhorn Portfolio by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company’s stock valued at $142,000 after acquiring an additional 4,170 shares in the last quarter.

Duckhorn Portfolio Stock Performance

NYSE NAPA opened at $10.98 on Tuesday. The firm’s 50 day moving average price is $7.85 and its two-hundred day moving average price is $7.63. 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 twelve month low of $5.38 and a twelve month high of $11.08. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 9.44 and a beta of 0.21.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. Duckhorn Portfolio had a return on equity of 6.24% and a net margin of 13.81%. Duckhorn Portfolio’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. Equities analysts anticipate that Duckhorn Portfolio will post 0.6 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.