The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives $9.86 Consensus PT from Brokerages

The Duckhorn Portfolio, Inc. (NYSE:NAPA) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.86.

Several research analysts have weighed in on NAPA shares. Barclays downgraded shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $11.00 to $8.00 in a report on Thursday, April 18th. BMO Capital Markets lowered their price objective on shares of Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Friday, June 7th. Citigroup lowered their price objective on shares of Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Royal Bank of Canada lowered their price objective on shares of Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. Finally, Wedbush lowered their price objective on shares of Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd.

Duckhorn Portfolio Stock Down 2.4 %

Shares of NYSE NAPA opened at $7.22 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 8.09. Duckhorn Portfolio has a 52-week low of $6.59 and a 52-week high of $12.93. The company’s 50 day moving average price is $7.46 and its 200-day moving average price is $8.32. The company has a market capitalization of $1.06 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 7.29 and a beta of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last released its earnings results on Thursday, June 6th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. The company had revenue of $92.53 million for the quarter, compared to the consensus estimate of $92.19 million. Equities analysts forecast that Duckhorn Portfolio will post 0.52 earnings per share for the current year.

Institutional Trading of Duckhorn Portfolio

Several institutional investors have recently made changes to their positions in NAPA. Vanguard Group Inc. grew its stake in shares of Duckhorn Portfolio by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,855,487 shares of the company’s stock worth $49,817,000 after acquiring an additional 264,257 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Duckhorn Portfolio by 8.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 921,070 shares of the company’s stock worth $9,073,000 after acquiring an additional 69,521 shares in the last quarter. Total Clarity Wealth Management Inc. grew its position in Duckhorn Portfolio by 190.6% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 55,940 shares of the company’s stock valued at $551,000 after buying an additional 36,689 shares during the period. Allspring Global Investments Holdings LLC grew its position in Duckhorn Portfolio by 39.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,901 shares of the company’s stock valued at $166,000 after buying an additional 4,762 shares during the period. Finally, Vontobel Holding Ltd. grew its position in Duckhorn Portfolio by 13.8% during the fourth quarter. Vontobel Holding Ltd. now owns 261,698 shares of the company’s stock valued at $2,578,000 after buying an additional 31,819 shares during the period.

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.