Duckhorn Portfolio (NYSE:NAPA) Sees Large Volume Increase - Still a Buy?

The Duckhorn Portfolio, Inc. (NYSE:NAPA - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 1,427,541 shares changed hands during trading, an increase of 1% from the previous session's volume of 1,420,081 shares.The stock last traded at $10.97 and had previously closed at $10.97.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NAPA shares. Royal Bank of Canada cut Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays upped their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Duckhorn Portfolio has a consensus rating of "Hold" and a consensus price target of $10.30.

Duckhorn Portfolio Stock Performance

The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 9.43 and a beta of 0.21. The company's fifty day simple moving average is $6.98 and its 200 day simple moving average is $7.49. The company has a quick ratio of 1.04, a current ratio of 8.05 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last released its quarterly earnings results 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. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The firm had revenue of $107.40 million for the quarter, compared to analysts' expectations of $104.76 million. During the same period in the prior year, the firm earned $0.14 EPS. The business's revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Duckhorn Portfolio

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Duckhorn Portfolio by 3.7% during the first quarter. Vanguard Group Inc. now owns 5,274,221 shares of the company's stock worth $49,103,000 after purchasing an additional 190,083 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Duckhorn Portfolio by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,831,391 shares of the company's stock valued at $27,203,000 after purchasing an additional 98,038 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Duckhorn Portfolio by 4.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company's stock valued at $26,009,000 after purchasing an additional 140,113 shares during the last quarter. Kennedy Capital Management LLC increased its position in Duckhorn Portfolio by 41.2% during the 1st quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company's stock worth $4,261,000 after purchasing an additional 133,579 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Duckhorn Portfolio by 5.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 377,472 shares of the company's stock valued at $2,680,000 after purchasing an additional 18,500 shares during the last quarter.

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.