The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives $9.85 Consensus Price Target from Analysts

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $9.85.

NAPA has been the topic of several recent research reports. Royal Bank of Canada lowered Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $11.00 to $11.10 in a research report on Friday, October 11th. Barclays raised their price objective on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th.

Duckhorn Portfolio Stock Performance

Shares of NAPA stock opened at $10.99 on Friday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 23.37, a PEG ratio of 9.47 and a beta of 0.02. The firm’s 50 day moving average is $9.51 and its 200 day moving average is $7.96. Duckhorn Portfolio has a 12 month low of $5.38 and a 12 month high of $11.10. The company has a current ratio of 8.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The firm had revenue of $107.40 million during 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% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. On average, sell-side analysts anticipate that Duckhorn Portfolio will post 0.6 earnings per share for the current year.

Institutional Investors Weigh In On Duckhorn Portfolio

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Duckhorn Portfolio by 3.7% during the first quarter. Vanguard Group Inc. now owns 5,274,221 shares of the company’s stock worth $49,103,000 after buying an additional 190,083 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of 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 valued at $27,203,000 after buying an additional 98,038 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Duckhorn Portfolio by 4.0% in the 2nd 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 last quarter. River Road Asset Management LLC boosted its stake in shares of Duckhorn Portfolio by 6.1% during the third quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company’s stock valued at $19,243,000 after purchasing an additional 190,498 shares during the period. Finally, Verition Fund Management LLC boosted its position in Duckhorn Portfolio by 21.9% in the 3rd quarter. Verition Fund Management LLC now owns 1,478,234 shares of the company’s stock valued at $8,589,000 after buying an additional 265,255 shares during the period.

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.