It makes sense and dollars to buy The Duckhorn Portfolio Inc. (NAPA) stock

The Duckhorn Portfolio Inc. (NYSE: NAPA) stock jumped 2.36% on Monday to $12.12 against a previous-day closing price of $11.84. With 0.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.67 million shares. During the session, the Beverages – Wineries & Distilleries company that operates in wider Consumer Defensive sector, reached to the highest price of $12.16 whereas the lowest price it dropped to was $11.69. The 52-week range on NAPA shows that it touched its highest point at $17.92 and its lowest point at $11.22 during that stretch. It currently has a 1-year price target of $18.33. Beta for the stock currently stands at 0.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NAPA was up-trending over the past week, with a rise of 6.50%, but this was down by -4.34% over a month. Three-month performance dropped to -11.27% while six-month performance fell -21.45%. The stock lost -19.58% in the past year, while it has lost -26.86% so far this year. A look at the trailing 12-month EPS for NAPA yields 0.49 with Next year EPS estimates of 0.70. For the next quarter, that number is 0.13. This implies an EPS growth rate of -0.30% for this year and 7.99% for next year.

Float and Shares Shorts:

At present, 115.26 million NAPA shares are outstanding with a float of 49.12 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.01 million, which was 1.74% higher than short shares on Jul 30, 2023. In addition to Mr. Alex Ryan as the firm’s Pres, CEO & Chairman, Mr. Zach Rasmuson serves as its Exec. VP & COO.

Institutional Ownership:

Through their ownership of 92.64% of NAPA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.27% of NAPA, in contrast to 23.23% held by mutual funds. Shares owned by individuals account for 19.26%. As the largest shareholder in NAPA with 5.56% of the stake, Select Equity Group LP holds 6,408,624 shares worth 6,408,624. A second-largest stockholder of NAPA, The Vanguard Group, Inc., holds 4,507,766 shares, controlling over 3.91% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in NAPA, holding 3,030,968 shares or 2.63% stake. With a 1.74% stake in NAPA, the MFS New Discovery Fund is the largest stakeholder. A total of 2,002,913 shares are owned by the mutual fund manager. The American Century Small Cap Growth, which owns about 1.27% of NAPA stock, is the second-largest Mutual Fund holder. It holds 1,459,437 shares valued at 18.16 million. Vanguard Total Stock Market ETF holds 1.24% of the stake in NAPA, owning 1,427,054 shares worth 17.75 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NAPA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NAPA analysts setting a high price target of $23.00 and a low target of $14.00, the average target price over the next 12 months is $18.00. Based on these targets, NAPA could surge 89.77% to reach the target high and rise by 15.51% to reach the target low. Reaching the average price target will result in a growth of 48.51% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded NAPA stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 8,235 shares were bought while 0 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 395,296 while 7,018,093 shares were sold.

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