Duckhorn Portfolio (NYSE:NAPA) Sets New 12-Month High – Still a Buy?

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) reached a new 52-week high during trading on Thursday . The stock traded as high as $11.07 and last traded at $11.05, with a volume of 372665 shares. The stock had previously closed at $11.01.

Wall Street Analyst Weigh In

NAPA has been the topic of several recent research reports. Royal Bank of Canada lowered 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. Barclays raised their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.85.

Duckhorn Portfolio Price Performance

The company’s fifty day simple moving average is $8.68 and its 200-day simple moving average is $7.80. The stock has a market cap of $1.62 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 9.46 and a beta of 0.02. The company has a current ratio of 8.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last released its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The company 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 6.24% and a net margin of 13.81%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. As a group, sell-side analysts forecast that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Duckhorn Portfolio

Several institutional investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in shares of Duckhorn Portfolio in the second quarter valued at approximately $2,519,000. Verition Fund Management LLC increased its position in Duckhorn Portfolio by 21.9% in the third quarter. Verition Fund Management LLC now owns 1,478,234 shares of the company’s stock worth $8,589,000 after purchasing an additional 265,255 shares during the period. First Eagle Investment Management LLC raised its holdings in Duckhorn Portfolio by 226.3% during the 1st quarter. First Eagle Investment Management LLC now owns 358,972 shares of the company’s stock worth $3,342,000 after purchasing an additional 248,972 shares during the last quarter. Raymond James & Associates acquired a new position in Duckhorn Portfolio during the 2nd quarter valued at about $1,466,000. Finally, River Road Asset Management LLC boosted its stake in shares of Duckhorn Portfolio by 6.1% in the 3rd quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company’s stock valued at $19,243,000 after purchasing an additional 190,498 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.