The Duckhorn Portfolio (NYSE:NAPA) Trading Down 3.5%

The Duckhorn Portfolio, Inc. (NYSE:NAPA)’s stock price was down 3.5% during mid-day trading on Wednesday . The company traded as low as $22.93 and last traded at $22.94. Approximately 12,275 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 530,840 shares. The stock had previously closed at $23.77.

A number of research analysts recently issued reports on the stock. Barclays assumed coverage on shares of The Duckhorn Portfolio in a research report on Monday, April 12th. They set an “equal weight” rating and a $18.00 target price on the stock. Citigroup boosted their target price on shares of The Duckhorn Portfolio from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, June 9th. Evercore ISI began coverage on shares of The Duckhorn Portfolio in a research report on Monday, April 12th. They set an “outperform” rating and a $22.00 target price on the stock. Credit Suisse Group upped their price target on The Duckhorn Portfolio from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 8th. Finally, Jefferies Financial Group began coverage on The Duckhorn Portfolio in a research note on Monday, April 12th. They set a “buy” rating and a $22.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $21.67.

The company’s fifty day moving average price is $19.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 5.10.

The Duckhorn Portfolio (NYSE:NAPA) last announced its earnings results on Sunday, June 6th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.10. On average, analysts expect that The Duckhorn Portfolio, Inc. will post 0.43 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. purchased a new stake in shares of The Duckhorn Portfolio during the first quarter valued at approximately $2,856,000. Waddell & Reed Financial Inc. purchased a new stake in The Duckhorn Portfolio during the first quarter worth about $14,706,000. Federated Hermes Inc. purchased a new stake in The Duckhorn Portfolio during the first quarter worth about $22,962,000. Retirement Systems of Alabama purchased a new stake in The Duckhorn Portfolio during the first quarter worth about $6,293,000. Finally, Rokos Capital Management LLP purchased a new stake in The Duckhorn Portfolio during the first quarter worth about $1,699,000. 15.12% of the stock is owned by institutional investors.

The Duckhorn Portfolio Company Profile (NYSE:NAPA)

The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells its products directly to California retailers and restaurants; and to distributors and agents located in other states throughout the United States, as well as to export distributors that sell internationally.

Read More: Return on Investment (ROI)

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