Duckhorn Portfolio (NYSE:NAPA) Rating Reiterated by Wedbush

Duckhorn Portfolio (NYSE:NAPA)‘s stock had its “outperform” rating reiterated by Wedbush in a report issued on Friday, Benzinga reports. They currently have a $15.00 price objective on the stock. Wedbush’s price objective would suggest a potential upside of 40.19% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Barclays reduced their price target on Duckhorn Portfolio from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. BMO Capital Markets began coverage on Duckhorn Portfolio in a research note on Tuesday, September 5th. They issued a “market perform” rating and a $14.00 price target on the stock. TheStreet lowered shares of Duckhorn Portfolio from a “c-” rating to a “d+” rating in a research report on Tuesday, October 3rd. Jefferies Financial Group assumed coverage on shares of Duckhorn Portfolio in a report on Monday. They set a “buy” rating and a $13.00 target price for the company. Finally, Bank of America cut their price objective on shares of Duckhorn Portfolio from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Duckhorn Portfolio Stock Performance

NAPA opened at $10.70 on Friday. The business’s 50-day simple moving average is $10.75 and its 200 day simple moving average is $12.33. Duckhorn Portfolio has a 52-week low of $9.32 and a 52-week high of $17.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 5.20. The firm has a market capitalization of $1.23 billion, a PE ratio of 17.83, a PEG ratio of 2.26 and a beta of 0.25.

Duckhorn Portfolio (NYSE:NAPA) last issued its earnings results on Wednesday, September 27th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Duckhorn Portfolio had a net margin of 17.20% and a return on equity of 7.98%. The business had revenue of $100.10 million for the quarter, compared to the consensus estimate of $100.61 million. As a group, sell-side analysts expect that Duckhorn Portfolio will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Duckhorn Portfolio news, insider Deirdre Mahlan purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was bought at an average cost of $9.95 per share, for a total transaction of $49,750.00. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at $49,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NAPA. Lazard Asset Management LLC acquired a new stake in Duckhorn Portfolio during the second quarter worth about $31,000. Tower Research Capital LLC TRC boosted its position in shares of Duckhorn Portfolio by 49.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,797 shares of the company’s stock worth $55,000 after acquiring an additional 1,264 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Duckhorn Portfolio in the third quarter valued at approximately $58,000. Point72 Middle East FZE acquired a new position in Duckhorn Portfolio during the second quarter valued at approximately $62,000. Finally, Russell Investments Group Ltd. bought a new stake in Duckhorn Portfolio during the first quarter worth $70,000. Institutional investors own 95.65% of the company’s stock.

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.