Duckhorn Portfolio (NYSE:NAPA) Reaches New 12-Month High - Here's What Happened

The Duckhorn Portfolio, Inc. (NYSE:NAPA - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $11.11 and last traded at $11.11, with a volume of 109989 shares traded. The stock had previously closed at $11.11.

Wall Street Analysts Forecast Growth

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

Duckhorn Portfolio Stock Performance

The company's 50 day moving average price is $11.02 and its 200-day moving average price is $8.37. The stock has a market cap of $1.63 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 11.35 and a beta of 0.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 3.73.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last announced its earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. The firm had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. Duckhorn Portfolio had a return on equity of 6.30% and a net margin of 12.12%. The company's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. Equities analysts forecast that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Duckhorn Portfolio

Several institutional investors have recently bought and sold shares of the company. Raymond James & Associates bought a new stake in Duckhorn Portfolio in the 2nd quarter valued at about $1,466,000. Bank of New York Mellon Corp lifted its stake in shares of Duckhorn Portfolio by 15.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 242,539 shares of the company's stock valued at $1,722,000 after buying an additional 33,024 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in Duckhorn Portfolio by 26.9% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 70,151 shares of the company's stock worth $498,000 after buying an additional 14,887 shares during the period. Rhumbline Advisers boosted its holdings in Duckhorn Portfolio by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 79,865 shares of the company's stock worth $567,000 after buying an additional 5,497 shares during the period. Finally, Simon Quick Advisors LLC purchased a new position in Duckhorn Portfolio in the 2nd quarter valued at approximately $85,000.

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.