nVerses Capital LLC Boosts Holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

nVerses Capital LLC raised its holdings in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 458.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,200 shares of the company’s stock after acquiring an additional 13,300 shares during the quarter. nVerses Capital LLC’s holdings in Duckhorn Portfolio were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Duckhorn Portfolio during the first quarter worth about $878,000. Capstone Investment Advisors LLC purchased a new stake in shares of Duckhorn Portfolio during the first quarter worth about $1,387,000. Stokes Family Office LLC purchased a new stake in shares of Duckhorn Portfolio during the first quarter worth about $1,255,000. Westwood Holdings Group Inc. grew its holdings in shares of Duckhorn Portfolio by 4.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company’s stock worth $32,801,000 after buying an additional 154,320 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of Duckhorn Portfolio by 41.2% during the first quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock worth $4,261,000 after buying an additional 133,579 shares in the last quarter.

Duckhorn Portfolio Trading Up 0.1 %

Shares of NAPA stock opened at $10.98 on Monday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 9.43 and a beta of 0.21. The company has a quick ratio of 1.04, a current ratio of 8.05 and a debt-to-equity ratio of 0.24. The Duckhorn Portfolio, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $11.08. The firm’s 50 day moving average price is $7.07 and its two-hundred day moving average price is $7.48.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. Duckhorn Portfolio’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. On average, analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NAPA. Barclays lifted their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada cut shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and raised their target price for the stock 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, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.30.

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.