Select Equity Group LP has recently announced that it has increased stake in Duckhorn Portfolio Inc (NYSE:NAPA) by 12.48%. After grabbing 7.21 million shares, the institutional investor is now in possession of 0.8 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 6.25% having worth around $75.19 million. Moreover, The Vanguard Group, Inc. increased its share by 0.26 million to have a control over 4.77 million shares. And Massachusetts Financial Services raised its holdings to 0.54 million shares by acquiring 3.42 million shares or 2.97% of the stake.
Duckhorn Portfolio Inc (NAPA) concluded trading on 12/07/23 at a closing price of $8.98, with 3.06 million shares of worth about $27.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.07% during that period and on Thursday the price saw a loss of about -12.05%. Currently the company’s common shares owned by public are about 115.32M shares, out of which, 50.16M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the NAPA stock and their offered price forecasts bring an average price target of $14.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $19.00 and could fall to a lowest price of $11.00. The stock’s current price level is 35.86% above of average price target set by the analysts, while a rise to estimated low would result in gain of 18.36% for the stock. However, touching the estimated high of $19.00 would mean a gain of 52.74% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 40 times over the past 12 months. They bought 531,643 shares in 13 of the transactions. In 27 selling transactions, insiders dumped 7,022,815 shares.
MFS New Discovery Fund, American Century Small Cap Growth, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Duckhorn Portfolio Inc MFS New Discovery Fund is currently holding 2.22 million shares of worth totaling $23.15 million. The company recently came buying 0.0 shares which brought its stake up to 1.93% of the company’s outstanding shares. American Century Small Cap Growth bought 58360.0 shares, after which its hold over company’s outstanding shares expand to 1.32%, leaving 1.52 million shares with the mutual fund that have a worth of about $15.83 million. Vanguard Total Stock Market ETF, after buying 1.43 million shares, have now control over 1.24% of the stake in the company. It holds 0.0 shares of worth $14.88 million.
Duckhorn Portfolio Inc (NYSE: NAPA) started trading at $9.25, below -$0.96 from concluding price of the previous day. However, the stock later moved at a day high price of 9.53, or with a loss of -12.05%. Stock saw a price change of -12.56% in past 5 days and over the past one month there was a price change of -17.08%. Year-to-date (YTD), NAPA shares are showing a performance of -45.81% which decreased to -43.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.32 but also hit the highest price of $17.92 during that period. The average intraday trading volume for Duckhorn Portfolio Inc shares is 761.87K. The stock is currently trading -13.77% below its 20-day simple moving average (SMA20), while that difference is down -13.23% for SMA50 and it goes to -30.23% lower than SMA200.
Select Equity Group LP acquired 7.21 million shares of Duckhorn Portfolio Inc having value of about $75.19 million. Data submitted at the U.S SEC by Select Equity Group LP revealed that the firm now holds 0.8 million shares in the company valued at close to $7184781.26, or have control over 12.48% stake in the company. Duckhorn Portfolio Inc (NYSE: NAPA) currently have 115.32M outstanding shares and institutions hold larger chunk of about 44.23% of that. Holding of mutual funds in the company is about 22.98% while other institutional holders and individual stake holders have control over 57.54% and 21.52% of the stake respectively.
The stock has a current market capitalization of $1.04B and its 3Y-monthly beta is at 0.23. PE ratio of stock for trailing 12 months is 15.93, while it has posted earnings per share of $0.56 in the same period. Its PEG reads 2.12 and has Quick Ratio of 0.64 while making debt-to-equity ratio of 0.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NAPA, volatility over the week remained 3.36% while standing at 3.18% over the month.
Analysts are in expectations that Duckhorn Portfolio Inc (NAPA) stock would likely to be making an EPS of $The Duckhorn Portfolio, Inc. in the current quarter, while forecast for next quarter EPS is $8.98 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $NAPATECH which is $Innovator Growth-100 Power Buff at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $NAP in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.28% while it is estimated to increase by 9.78% in next year. EPS is likely to shrink at an annualized rate of 7.50% for next 5-years, compared to annual growth of 32.97% made by the stock over the past 5-years.
Analysts at 9 brokerage firms have issued recommendations for the Duckhorn Portfolio Inc (NAPA)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.78. Out of those 9 Wall Street analysts, 5 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on Dec-08-23 offering a Neutral rating for the stock and assigned a target price range of between $15 and $11 to it.
