The Duckhorn Portfolio, Inc. (NYSE:NAPA) Sees Significant Decrease in Short Interest

The Duckhorn Portfolio, Inc. (NYSE:NAPA) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 3,020,000 shares, a drop of 29.8% from the November 15th total of 4,300,000 shares. Based on an average trading volume of 2,400,000 shares, the short-interest ratio is presently 1.3 days. Approximately 7.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

NAPA has been the subject of a number of analyst reports. Jefferies Financial Group downgraded Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research note on Friday, December 6th. Barclays boosted their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $11.00 to $11.10 in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.01.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of Duckhorn Portfolio by 16.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock valued at $154,000 after purchasing an additional 3,129 shares during the period. Sei Investments Co. grew its stake in shares of Duckhorn Portfolio by 7.6% in the 2nd quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock worth $384,000 after buying an additional 3,829 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Duckhorn Portfolio by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company’s stock worth $142,000 after purchasing an additional 4,170 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Duckhorn Portfolio during the 3rd quarter worth about $31,000. Finally, Rhumbline Advisers lifted its holdings in Duckhorn Portfolio by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 79,865 shares of the company’s stock valued at $567,000 after buying an additional 5,497 shares in the last quarter.

Duckhorn Portfolio Stock Down 0.0 %

NAPA traded down $0.01 during midday trading on Friday, reaching $11.08. The company’s stock had a trading volume of 366,098 shares, compared to its average volume of 1,424,258. The stock’s 50-day moving average is $11.00 and its 200-day moving average is $8.25. Duckhorn Portfolio has a 1 year low of $5.38 and a 1 year high of $11.10. The company has a current ratio of 3.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 11.35 and a beta of 0.03.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Duckhorn Portfolio had a net margin of 12.12% and a return on equity of 6.30%. The firm had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts expect that Duckhorn Portfolio will post 0.6 EPS for the current year.

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.