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

The Duckhorn Portfolio, Inc. (NYSE:NAPA) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.30.

NAPA has been the topic of several research analyst reports. Royal Bank of Canada downgraded 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. Barclays upped their price target on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th.

Duckhorn Portfolio Trading Up 0.1 %

NYSE NAPA opened at $10.97 on Tuesday. The business’s fifty day moving average is $7.93 and its 200-day moving average is $7.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.05 and a quick ratio of 1.33. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 9.45 and a beta of 0.02. Duckhorn Portfolio has a one year low of $5.38 and a one year high of $11.08.

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

Hedge Funds Weigh In On Duckhorn Portfolio

Large investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of Duckhorn Portfolio during the 3rd quarter valued at $31,000. Simon Quick Advisors LLC bought a new stake in shares of Duckhorn Portfolio during the second quarter valued at about $85,000. ZWJ Investment Counsel Inc. purchased a new stake in shares of Duckhorn Portfolio in the third quarter worth about $88,000. Ballentine Partners LLC bought a new position in shares of Duckhorn Portfolio in the third quarter valued at approximately $89,000. Finally, nVerses Capital LLC grew its stake in Duckhorn Portfolio by 458.6% during the third quarter. nVerses Capital LLC now owns 16,200 shares of the company’s stock valued at $94,000 after acquiring an additional 13,300 shares in the last quarter.

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.