The Duckhorn Portfolio, Inc. (NYSE:NAPA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 6.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 152,823 shares of the company’s stock after selling 10,131 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Duckhorn Portfolio worth $888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Westwood Holdings Group Inc. boosted its holdings in Duckhorn Portfolio by 4.0% during the second quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock worth $26,009,000 after buying an additional 140,113 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Duckhorn Portfolio during the 2nd quarter valued at about $2,519,000. GSA Capital Partners LLP purchased a new position in shares of Duckhorn Portfolio in the 3rd quarter valued at about $620,000. Raymond James & Associates purchased a new position in shares of Duckhorn Portfolio in the 2nd quarter valued at about $1,466,000. Finally, River Road Asset Management LLC raised its holdings in Duckhorn Portfolio by 6.1% in the 3rd quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company’s stock worth $19,243,000 after purchasing an additional 190,498 shares during the period.

Duckhorn Portfolio Trading Up 0.1 %

Shares of NAPA stock opened at $11.09 on Friday. The Duckhorn Portfolio, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $11.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 3.73. The stock’s fifty day moving average is $11.01 and its two-hundred day moving average is $8.34. The firm has a market capitalization of $1.63 billion, a P/E ratio of 26.40, 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 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $104.76 million. During the same period last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on NAPA shares. Royal Bank of Canada lowered Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $11.00 to $11.10 in a report on Friday, October 11th. Barclays lifted their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group cut shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.01.

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.