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

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) saw unusually-strong trading volume on Friday . Approximately 1,427,541 shares traded hands during mid-day 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.

Wall Street Analyst Weigh In

NAPA has been the subject of a number of recent research reports. Royal Bank of Canada cut shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays increased their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.30.

Duckhorn Portfolio Price Performance

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

Duckhorn Portfolio (NYSE:NAPA) last released its quarterly earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $107.40 million for the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.14 earnings per share. On average, equities research analysts predict that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duckhorn Portfolio

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake 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 acquiring an additional 1,555 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Duckhorn Portfolio in the first quarter valued at approximately $878,000. Capstone Investment Advisors LLC bought a new position in Duckhorn Portfolio in the 1st quarter worth approximately $1,387,000. Moloney Securities Asset Management LLC acquired a new position in Duckhorn Portfolio during the 1st quarter worth $515,000. Finally, Quantbot Technologies LP boosted its position in Duckhorn Portfolio by 85.9% in the 1st quarter. Quantbot Technologies LP now owns 97,556 shares of the company’s stock valued at $908,000 after buying an additional 45,075 shares during the last quarter.

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.