Fmr LLC Lowers Stock Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Fmr LLC decreased its holdings in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 92.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,668 shares of the company’s stock after selling 109,874 shares during the period. Fmr LLC’s holdings in Duckhorn Portfolio were worth $50,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Westwood Holdings Group Inc. grew 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 acquiring an additional 140,113 shares during the period. Marshall Wace LLP acquired a new position in shares of Duckhorn Portfolio during the 2nd quarter worth $2,519,000. GSA Capital Partners LLP acquired a new position in shares of Duckhorn Portfolio during the 3rd quarter worth $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 lifted its stake in shares of Duckhorn Portfolio by 6.1% in the third quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company’s stock valued at $19,243,000 after purchasing an additional 190,498 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NAPA shares. Jefferies Financial Group cut shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a report on Friday, December 6th. Barclays raised their price objective on 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, Royal Bank of Canada downgraded Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $11.00 to $11.10 in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.01.

Duckhorn Portfolio Price Performance

NAPA stock opened at $11.09 on Wednesday. The stock’s 50 day moving average price is $11.02 and its 200 day moving average price is $8.39. The firm has a market cap of $1.63 billion, a P/E ratio of 26.40, a PEG ratio of 11.35 and a beta of 0.03. 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 Duckhorn Portfolio, Inc. has a 1 year low of $5.38 and a 1 year high of $11.11.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. Duckhorn Portfolio had a return on equity of 6.30% and a net margin of 12.12%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share. On average, sell-side analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal year.

Duckhorn Portfolio 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.