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

The Duckhorn Portfolio, Inc. (NYSE:NAPA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $11.10 and last traded at $11.09, with a volume of 258218 shares changing hands. The stock had previously closed at $11.08.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NAPA shares. Barclays boosted their price target on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lowered Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a report on Friday, December 6th. Finally, Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $11.00 to $11.10 in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.01.

Duckhorn Portfolio Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 0.61. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 11.35 and a beta of 0.03. The firm’s fifty day moving average price is $11.00 and its 200-day moving average price is $8.25.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a return on equity of 6.30% and a net margin of 12.12%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. Sell-side analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duckhorn Portfolio

Institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in Duckhorn Portfolio in the third quarter valued at approximately $31,000. Barnett & Company Inc. bought a new stake in Duckhorn Portfolio during the 3rd quarter valued at $73,000. CTC Alternative Strategies Ltd. acquired a new position in Duckhorn Portfolio during the third quarter worth $74,000. Simon Quick Advisors LLC bought a new position in shares of Duckhorn Portfolio in the second quarter valued at $85,000. Finally, Intech Investment Management LLC bought a new position in shares of Duckhorn Portfolio in the third quarter valued at $86,000.

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.