Duckhorn Portfolio (NYSE:NAPA) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Duckhorn Portfolio (NYSE:NAPA) released its earnings results on Monday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04, Briefing.com reports. The firm had revenue of $107.40 million during the quarter, compared to analysts’ expectations of $104.76 million. Duckhorn Portfolio had a return on equity of 6.45% and a net margin of 15.69%. Duckhorn Portfolio’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS.

Duckhorn Portfolio Stock Performance

Shares of Duckhorn Portfolio stock traded down $0.02 on Wednesday, hitting $10.94. The stock had a trading volume of 5,266,048 shares, compared to its average volume of 1,402,850. The company’s 50 day moving average price is $6.40 and its 200 day moving average price is $7.37. The company has a current ratio of 8.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 4.86 and a beta of 0.21. Duckhorn Portfolio has a 52-week low of $5.38 and a 52-week high of $11.08.

Wall Street Analyst Weigh In

Separately, Barclays upped their price objective on Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Duckhorn Portfolio presently has an average rating of “Hold” and an average target price of $10.29.

Institutional Trading of Duckhorn Portfolio

A number of hedge funds have recently added to or reduced their stakes in NAPA. Vanguard Group Inc. increased its position in Duckhorn Portfolio by 3.7% during the 1st 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 period. Massachusetts Financial Services Co. MA raised its stake in shares of Duckhorn Portfolio by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,831,391 shares of the company’s stock worth $27,203,000 after buying an additional 98,038 shares in the last quarter. Westwood Holdings Group Inc. raised its stake 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 worth $26,009,000 after buying an additional 140,113 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of 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 buying an additional 133,579 shares in the last quarter. Finally, Chilton Investment Co. Inc. raised its stake in shares of Duckhorn Portfolio by 34.7% during the 4th quarter. Chilton Investment Co. Inc. now owns 412,041 shares of the company’s stock worth $4,059,000 after buying an additional 106,184 shares in 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.