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

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $9.85.

A number of brokerages recently commented on NAPA. Royal Bank of Canada lowered Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $11.00 to $11.10 in a research report on Friday, October 11th. Barclays increased their price target on Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th.

Institutional Investors Weigh In On Duckhorn Portfolio

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new position in Duckhorn Portfolio in the 3rd quarter valued at about $31,000. Simon Quick Advisors LLC acquired a new position in Duckhorn Portfolio in the second quarter valued at approximately $85,000. Barnett & Company Inc. purchased a new position in Duckhorn Portfolio in the third quarter worth approximately $73,000. CTC Alternative Strategies Ltd. acquired a new stake in Duckhorn Portfolio during the third quarter worth $74,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Duckhorn Portfolio during the second quarter worth $101,000.

Duckhorn Portfolio Stock Performance

NYSE NAPA opened at $10.98 on Friday. Duckhorn Portfolio has a 52 week low of $5.38 and a 52 week high of $11.10. The company has a 50 day moving average price of $9.71 and a 200 day moving average price of $8.00. The company has a quick ratio of 1.33, a current ratio of 8.05 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.62 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 9.46 and a beta of 0.02.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, sell-side analysts forecast that Duckhorn Portfolio will post 0.6 EPS for the current fiscal 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.