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

The Duckhorn Portfolio, Inc. (NYSE:NAPA - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $11.10 and last traded at $11.09, with a volume of 258218 shares traded. The stock had previously closed at $11.08.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NAPA. Royal Bank of Canada downgraded shares of Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and lifted their target price for the stock from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays lifted their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group downgraded shares of Duckhorn Portfolio from a "buy" rating to a "hold" rating and set a $11.00 target price on the stock. in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.01.

Duckhorn Portfolio Price Performance

The company has a quick ratio of 0.61, a current ratio of 3.73 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 11.35 and a beta of 0.03. The business's fifty day moving average is $11.00 and its two-hundred day moving average is $8.25.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last issued its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, topping 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 business had revenue of $107.40 million during the quarter, compared to the consensus estimate of $104.76 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The company's revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duckhorn Portfolio

Hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Duckhorn Portfolio during the third quarter valued at approximately $31,000. Simon Quick Advisors LLC purchased a new stake in shares of Duckhorn Portfolio during the second quarter valued at approximately $85,000. Barnett & Company Inc. bought a new stake in shares of Duckhorn Portfolio in the third quarter worth $73,000. CTC Alternative Strategies Ltd. bought a new stake in shares of Duckhorn Portfolio in the third quarter worth $74,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Duckhorn Portfolio in the second quarter worth $101,000.

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.