The Duckhorn Portfolio, Inc. (NYSE:NAPA) Short Interest Update

The Duckhorn Portfolio, Inc. (NYSE:NAPA) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 5,670,000 shares, a decrease of 35.2% from the September 30th total of 8,750,000 shares. Based on an average daily trading volume, of 2,350,000 shares, the short-interest ratio is presently 2.4 days. Approximately 13.1% of the shares of the stock are short sold.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock traded down $0.01 on Friday, reaching $10.95. The company’s stock had a trading volume of 1,255,881 shares, compared to its average volume of 1,431,411. The business’s fifty day moving average price is $7.51 and its 200 day moving average price is $7.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 8.05. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 9.46 and a beta of 0.21. Duckhorn Portfolio has a twelve month low of $5.38 and a twelve month high of $11.08.

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

Wall Street Analyst Weigh In

Several analysts recently commented on NAPA shares. Royal Bank of Canada lowered 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 research note on Friday, October 11th. Barclays boosted their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Duckhorn Portfolio currently has a consensus rating of “Hold” and a consensus target price of $10.30.

Institutional Trading of Duckhorn Portfolio

Hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale acquired a new stake in Duckhorn Portfolio in the third quarter worth about $31,000. Simon Quick Advisors LLC acquired a new stake in shares of Duckhorn Portfolio during the 2nd quarter worth approximately $85,000. ZWJ Investment Counsel Inc. acquired a new position in Duckhorn Portfolio in the third quarter valued at approximately $88,000. Ballentine Partners LLC acquired a new position in Duckhorn Portfolio in the third quarter valued at approximately $89,000. Finally, nVerses Capital LLC boosted its stake in Duckhorn Portfolio by 458.6% in 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 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.