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

The Duckhorn Portfolio, Inc. (NYSE:NAPA) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $11.04 and last traded at $11.02, with a volume of 2777 shares. The stock had previously closed at $10.98.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of 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 cut shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $11.00 to $11.10 in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Duckhorn Portfolio presently has a consensus rating of “Hold” and an average price target of $10.30.

Duckhorn Portfolio Stock Performance

The company has a market capitalization of $1.62 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 9.45 and a beta of 0.02. The company has a current ratio of 8.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average is $8.02 and its two-hundred day moving average is $7.66.

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

Institutional Trading of Duckhorn Portfolio

Hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Duckhorn Portfolio during the 3rd quarter valued at $31,000. Barnett & Company Inc. bought a new position in Duckhorn Portfolio in the 3rd quarter worth approximately $73,000. Simon Quick Advisors LLC purchased a new stake in Duckhorn Portfolio during the 2nd quarter valued at approximately $85,000. ZWJ Investment Counsel Inc. bought a new stake in shares of Duckhorn Portfolio during the third quarter valued at approximately $88,000. Finally, Ballentine Partners LLC purchased a new position in shares of Duckhorn Portfolio in the third quarter worth $89,000.

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.