Duckhorn Portfolio (NYSE:NAPA) Earns “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Duckhorn Portfolio (NYSE:NAPA) in a report published on Friday morning, Benzinga reports. They currently have a $15.00 target price on the stock.

Several other analysts have also recently issued reports on NAPA. BMO Capital Markets assumed coverage on shares of Duckhorn Portfolio in a research note on Tuesday, September 5th. They set a market perform rating and a $14.00 price objective for the company. Jefferies Financial Group began coverage on Duckhorn Portfolio in a report on Monday, November 13th. They issued a buy rating and a $13.00 price objective on the stock. Royal Bank of Canada decreased their target price on Duckhorn Portfolio from $23.00 to $19.00 and set an outperform rating for the company in a report on Monday, September 25th. Barclays cut their price target on shares of Duckhorn Portfolio from $14.00 to $12.00 and set an overweight rating on the stock in a report on Thursday, October 12th. Finally, TheStreet lowered shares of Duckhorn Portfolio from a c- rating to a d+ rating in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $15.88.

Duckhorn Portfolio Stock Down 0.2 %

Duckhorn Portfolio stock opened at $10.20 on Friday. Duckhorn Portfolio has a fifty-two week low of $9.32 and a fifty-two week high of $17.92. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.24 and a beta of 0.25. The stock’s fifty day moving average is $10.70 and its two-hundred day moving average is $12.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 5.20.

Duckhorn Portfolio (NYSE:NAPA) last posted its earnings results on Wednesday, September 27th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $100.10 million for the quarter, compared to analyst estimates of $100.61 million. Duckhorn Portfolio had a return on equity of 7.98% and a net margin of 17.20%. Analysts predict that Duckhorn Portfolio will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Deirdre Mahlan purchased 5,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were bought at an average price of $9.95 per share, with a total value of $49,750.00. Following the completion of the acquisition, the insider now owns 5,000 shares of the company’s stock, valued at $49,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duckhorn Portfolio

Hedge funds have recently bought and sold shares of the business. Raymond James & Associates increased its position in Duckhorn Portfolio by 2.5% in the 1st quarter. Raymond James & Associates now owns 25,384 shares of the company’s stock worth $462,000 after purchasing an additional 626 shares during the last quarter. American International Group Inc. lifted its position in shares of Duckhorn Portfolio by 4.3% in the 2nd quarter. American International Group Inc. now owns 21,140 shares of the company’s stock worth $274,000 after acquiring an additional 875 shares during the period. MetLife Investment Management LLC lifted its position in shares of Duckhorn Portfolio by 4.7% in the 2nd quarter. MetLife Investment Management LLC now owns 22,283 shares of the company’s stock worth $289,000 after acquiring an additional 1,008 shares during the period. AdvisorShares Investments LLC lifted its position in shares of Duckhorn Portfolio by 10.5% in the 3rd quarter. AdvisorShares Investments LLC now owns 11,998 shares of the company’s stock worth $123,000 after acquiring an additional 1,137 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Duckhorn Portfolio by 1.1% in the 3rd quarter. Swiss National Bank now owns 114,000 shares of the company’s stock worth $1,170,000 after buying an additional 1,200 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

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.