Duckhorn Portfolio (NYSE:NAPA) Price Target Raised to $11.00

Duckhorn Portfolio (NYSE:NAPA) had its price objective raised by Barclays from $6.00 to $11.00 in a research note published on Tuesday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Duckhorn Portfolio Stock Up 0.2 %

Shares of NYSE:NAPA opened at $10.96 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 8.05. Duckhorn Portfolio has a 52-week low of $5.38 and a 52-week high of $11.08. The firm has a market capitalization of $1.61 billion, a P/E ratio of 23.32, a P/E/G ratio of 9.43 and a beta of 0.21. The stock has a 50 day moving average price of $6.55 and a 200-day moving average price of $7.42.

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

Hedge Funds Weigh In On Duckhorn Portfolio

Several large investors have recently made changes to their positions in NAPA. Chilton Investment Co. Inc. increased its stake in Duckhorn Portfolio by 34.7% during the 4th quarter. Chilton Investment Co. Inc. now owns 412,041 shares of the company’s stock valued at $4,059,000 after purchasing an additional 106,184 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Duckhorn Portfolio by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock worth $172,000 after acquiring an additional 1,555 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Duckhorn Portfolio in the 1st quarter valued at approximately $878,000. Capstone Investment Advisors LLC purchased a new stake in Duckhorn Portfolio during the 1st quarter valued at $1,387,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Duckhorn Portfolio in the 1st quarter worth $515,000.

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.