Dynamic Technology Lab Private Ltd Makes New Investment in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Dynamic Technology Lab Private Ltd purchased a new position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 33,042 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Duckhorn Portfolio in the third quarter valued at approximately $31,000. Barnett & Company Inc. acquired a new stake in shares of Duckhorn Portfolio in the 3rd quarter valued at about $73,000. Simon Quick Advisors LLC acquired a new position in shares of Duckhorn Portfolio in the 2nd quarter valued at $85,000. Intech Investment Management LLC purchased a new position in shares of Duckhorn Portfolio during the third quarter worth about $86,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in Duckhorn Portfolio during the 3rd quarter worth approximately $88,000.

Duckhorn Portfolio Trading Up 0.1 %

Shares of Duckhorn Portfolio stock opened at $11.01 on Tuesday. The business’s fifty day moving average is $9.92 and its two-hundred day moving average is $8.04. The Duckhorn Portfolio, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $11.10. The firm has a market cap of $1.62 billion, a PE ratio of 23.45, a P/E/G ratio of 9.48 and a beta of 0.02. The company has a quick ratio of 1.33, a current ratio of 8.05 and a debt-to-equity ratio of 0.24.

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 company had revenue of $107.40 million for the quarter, compared to analyst estimates 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 for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. Analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. 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 stock from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays raised their price target on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Duckhorn Portfolio currently has a consensus rating of “Hold” and a consensus target price of $9.85.

About Duckhorn Portfolio

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.