Duckhorn Portfolio (NYSE:NAPA) Sees Large Volume Increase - Here's What Happened

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA - Get Free Report) saw an uptick in trading volume on Thursday . 753,215 shares were traded during trading, a decline of 47% from the previous session's volume of 1,424,687 shares.The stock last traded at $10.97 and had previously closed at $10.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NAPA shares. 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 report on Friday, October 11th. Barclays lifted their price objective on Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $10.30.

Duckhorn Portfolio Stock Down 0.2 %

The company has a 50-day moving average of $7.34 and a two-hundred day moving average of $7.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.05 and a quick ratio of 1.04. The company has a market capitalization of $1.61 billion, a PE ratio of 20.30, a P/E/G ratio of 9.43 and a beta of 0.21.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last posted its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. Duckhorn Portfolio had a return on equity of 6.24% and a net margin of 13.81%. 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 previous year, the firm earned $0.14 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duckhorn Portfolio

Several large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new stake in shares of Duckhorn Portfolio during the first quarter valued at approximately $878,000. Capstone Investment Advisors LLC purchased a new stake in Duckhorn Portfolio in the 1st quarter worth $1,387,000. Stokes Family Office LLC purchased a new position in shares of Duckhorn Portfolio during the first quarter valued at about $1,255,000. Westwood Holdings Group Inc. grew its position in shares of Duckhorn Portfolio by 4.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company's stock valued at $32,801,000 after purchasing an additional 154,320 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in shares of Duckhorn Portfolio by 41.2% in the first 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 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.