Duckhorn Portfolio (NYSE:NAPA) Announces Quarterly Earnings Results

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

Duckhorn Portfolio Stock Down 0.2 %

Duckhorn Portfolio stock traded down $0.02 during mid-day trading on Wednesday, reaching $10.94. The company’s stock had a trading volume of 5,276,083 shares, compared to its average volume of 1,402,901. The business’s 50 day simple moving average is $6.40 and its 200 day simple moving average is $7.37. 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 12 month low of $5.38 and a 12 month high of $11.08. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 4.86 and a beta of 0.21.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price objective on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.29.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NAPA. Simon Quick Advisors LLC bought a new position in shares of Duckhorn Portfolio in the 2nd quarter valued at about $85,000. Canada Pension Plan Investment Board acquired a new stake in Duckhorn Portfolio in the 2nd quarter valued at about $101,000. Bayesian Capital Management LP bought a new position in Duckhorn Portfolio during the first quarter worth about $133,000. Bleakley Financial Group LLC acquired a new position in Duckhorn Portfolio during the first quarter worth approximately $136,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Duckhorn Portfolio by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company’s stock valued at $142,000 after buying an additional 4,170 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.