Duckhorn Portfolio (NYSE:NAPA – Get Rating) had its price target upped by Barclays from $18.00 to $19.00 in a research note issued to investors on Monday morning, The Fly reports. Barclays currently has an equal weight rating on the stock.
A number of other equities analysts also recently weighed in on NAPA. Wedbush initiated coverage on Duckhorn Portfolio in a report on Monday, October 10th. They issued an outperform rating and a $18.00 target price on the stock. Evercore ISI lowered their price objective on Duckhorn Portfolio to $20.00 in a research report on Tuesday, September 20th. Jefferies Financial Group lowered their price objective on Duckhorn Portfolio from $23.00 to $21.00 in a research report on Thursday, September 29th. Credit Suisse Group reduced their target price on Duckhorn Portfolio from $26.00 to $20.00 and set an outperform rating on the stock in a report on Thursday, September 22nd. Finally, TheStreet cut Duckhorn Portfolio from a c- rating to a d+ rating in a report on Thursday, October 20th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $19.78.
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Shares of NAPA opened at $17.29 on Monday. The stock has a market cap of $1.99 billion, a P/E ratio of 33.25, a PEG ratio of 4.91 and a beta of 0.22. Duckhorn Portfolio has a 12-month low of $12.64 and a 12-month high of $23.57. The company has a current ratio of 2.88, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $15.09 and a two-hundred day moving average of $17.33.
Duckhorn Portfolio (NYSE:NAPA – Get Rating) last posted its earnings results on Wednesday, September 28th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Duckhorn Portfolio had a return on equity of 7.45% and a net margin of 15.60%. The firm had revenue of $78.01 million for the quarter, compared to analyst estimates of $77.88 million. As a group, research analysts predict that Duckhorn Portfolio will post 0.56 EPS for the current fiscal year.Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Duckhorn Portfolio by 5.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 178,688 shares of the company's stock valued at $2,578,000 after acquiring an additional 8,889 shares during the period. Toroso Investments LLC lifted its position in shares of Duckhorn Portfolio by 18.5% during the 3rd quarter. Toroso Investments LLC now owns 11,474 shares of the company's stock valued at $166,000 after acquiring an additional 1,790 shares during the period. Retirement Systems of Alabama lifted its position in shares of Duckhorn Portfolio by 43.5% during the 3rd quarter. Retirement Systems of Alabama now owns 309,600 shares of the company's stock valued at $4,468,000 after acquiring an additional 93,800 shares during the period. BNP Paribas Arbitrage SNC bought a new stake in shares of Duckhorn Portfolio during the 3rd quarter worth $2,271,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Duckhorn Portfolio by 41.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 128,640 shares of the company's stock worth $1,856,000 after buying an additional 37,785 shares during the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.
About Duckhorn Portfolio
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The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers.
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