The Duckhorn Portfolio, Inc. (NYSE:NAPA) Short Interest Update

The Duckhorn Portfolio, Inc. (NYSE:NAPA) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 5,670,000 shares, a decline of 35.2% from the September 30th total of 8,750,000 shares. Approximately 13.1% of the company’s shares are short sold. Based on an average daily trading volume, of 2,350,000 shares, the days-to-cover ratio is presently 2.4 days.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NAPA. Royal Bank of Canada cut shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $11.00 to $11.10 in a report on Friday, October 11th. Barclays lifted 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 research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.30.

Duckhorn Portfolio Stock Down 0.1 %

NAPA traded down $0.01 during trading on Friday, reaching $10.95. The company had a trading volume of 1,255,881 shares, compared to its average volume of 1,431,411. The company has a market cap of $1.61 billion, a P/E ratio of 20.28, a PEG ratio of 9.46 and a beta of 0.21. Duckhorn Portfolio has a 12 month low of $5.38 and a 12 month high of $11.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.05 and a quick ratio of 1.33. The business’s fifty day moving average price is $7.51 and its 200 day moving average price is $7.55.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings data on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. Equities analysts anticipate that Duckhorn Portfolio will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NAPA. Allspring Global Investments Holdings LLC boosted its holdings in Duckhorn Portfolio by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock worth $172,000 after purchasing an additional 1,555 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Duckhorn Portfolio in the 1st quarter valued at about $878,000. Capstone Investment Advisors LLC acquired a new stake in shares of Duckhorn Portfolio in the first quarter valued at about $1,387,000. Moloney Securities Asset Management LLC bought a new stake in Duckhorn Portfolio during the first quarter worth about $515,000. Finally, Quantbot Technologies LP boosted its position in Duckhorn Portfolio by 85.9% during the first quarter. Quantbot Technologies LP now owns 97,556 shares of the company’s stock valued at $908,000 after purchasing an additional 45,075 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.