Duckhorn Portfolio (NYSE:NAPA) Reaches New 52-Week High – Time to Buy?

The Duckhorn Portfolio, Inc. (NYSE:NAPA) shares hit a new 52-week high on Monday . The stock traded as high as $11.11 and last traded at $11.11, with a volume of 109989 shares traded. The stock had previously closed at $11.11.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank of Canada downgraded Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $11.00 to $11.10 in a report on Friday, October 11th. Barclays lifted their price objective on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group cut shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duckhorn Portfolio presently has a consensus rating of “Hold” and a consensus price target of $10.01.

Duckhorn Portfolio Price Performance

The stock’s fifty day moving average price is $11.02 and its 200-day moving average price is $8.36. The firm has a market cap of $1.64 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 11.35 and a beta of 0.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 0.61.

Duckhorn Portfolio (NYSE:NAPA) last announced 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. Duckhorn Portfolio had a net margin of 12.12% and a return on equity of 6.30%. The company had revenue of $107.40 million during the quarter, compared to analysts’ expectations of $104.76 million. During the same quarter in the prior year, the company earned $0.14 EPS. Duckhorn Portfolio’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Duckhorn Portfolio during the 3rd quarter worth $31,000. Barnett & Company Inc. purchased a new position in Duckhorn Portfolio during the third quarter worth about $73,000. CTC Alternative Strategies Ltd. acquired a new position in Duckhorn Portfolio in the 3rd quarter valued at about $74,000. Simon Quick Advisors LLC purchased a new stake in shares of Duckhorn Portfolio in the 2nd quarter valued at approximately $85,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Duckhorn Portfolio during the 3rd quarter worth approximately $86,000.

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.