The Duckhorn Portfolio (NYSE:NAPA) Issues FY 2022 Earnings Guidance

The Duckhorn Portfolio (NYSE:NAPA) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $0.540-$0.570 for the period. The company issued revenue guidance of $353 million-$360 million.

Shares of The Duckhorn Portfolio stock opened at $21.38 on Thursday. The company has a current ratio of 5.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $21.93 and its 200-day simple moving average is $20.64. The Duckhorn Portfolio has a twelve month low of $16.16 and a twelve month high of $25.25.

The Duckhorn Portfolio (NYSE:NAPA) last posted its earnings results on Sunday, October 3rd. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.01 by $0.07. Research analysts anticipate that The Duckhorn Portfolio will post 0.43 earnings per share for the current fiscal year.

NAPA has been the topic of several research analyst reports. Citigroup lifted their price target on The Duckhorn Portfolio from $25.00 to $28.00 and gave the company a buy rating in a research report on Tuesday, October 5th. Bank of America lifted their price target on The Duckhorn Portfolio from $24.00 to $26.00 and gave the company a buy rating in a research report on Tuesday, October 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded The Duckhorn Portfolio from a hold rating to a buy rating and set a $26.00 price target on the stock in a research report on Saturday, October 9th. Royal Bank of Canada lifted their price target on The Duckhorn Portfolio from $22.00 to $23.00 and gave the company a sector perform rating in a research report on Tuesday, October 5th. Finally, JPMorgan Chase & Co. reissued a buy rating and set a $26.00 price objective on shares of The Duckhorn Portfolio in a research note on Tuesday, October 5th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, The Duckhorn Portfolio has a consensus rating of Buy and an average price target of $24.10.

In other The Duckhorn Portfolio news, insider Alex Ryan sold 17,693 shares of the firm’s stock in a transaction dated Tuesday, September 14th. The stock was sold at an average price of $22.63, for a total transaction of $400,392.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Pete Przybylinski sold 31,115 shares of the firm’s stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $22.00, for a total value of $684,530.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,381 shares of company stock valued at $1,998,127.

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in The Duckhorn Portfolio by 24.9% during the second quarter. Royal Bank of Canada now owns 4,299 shares of the company’s stock worth $94,000 after buying an additional 857 shares in the last quarter. Morgan Stanley acquired a new position in shares of The Duckhorn Portfolio in the 1st quarter worth approximately $136,000. Bank of America Corp DE boosted its holdings in shares of The Duckhorn Portfolio by 1,792.6% in the 2nd quarter. Bank of America Corp DE now owns 9,936 shares of the company’s stock worth $219,000 after acquiring an additional 9,411 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of The Duckhorn Portfolio by 1,860.3% in the 2nd quarter. Wells Fargo & Company MN now owns 19,603 shares of the company’s stock worth $432,000 after acquiring an additional 18,603 shares in the last quarter. Institutional investors and hedge funds own 19.81% of the company’s stock.

The Duckhorn Portfolio Company Profile

The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells its products directly to California retailers and restaurants; and to distributors and agents located in other states throughout the United States, as well as to export distributors that sell internationally.

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Earnings History and Estimates for The Duckhorn Portfolio (NYSE:NAPA)

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