Stifel Financial Corp Sells 1,218 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Stifel Financial Corp decreased its position in The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,991 shares of the company’s stock after selling 1,218 shares during the period. Stifel Financial Corp owned about 0.05% of Duckhorn Portfolio worth $442,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Westwood Holdings Group Inc. raised its stake in shares of Duckhorn Portfolio by 4.0% in the second quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock valued at $26,009,000 after purchasing an additional 140,113 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Duckhorn Portfolio in the 2nd quarter valued at $2,519,000. GSA Capital Partners LLP bought a new position in shares of Duckhorn Portfolio during the 3rd quarter worth about $620,000. Raymond James & Associates acquired a new stake in shares of Duckhorn Portfolio during the 2nd quarter valued at about $1,466,000. Finally, Point72 Asset Management L.P. bought a new stake in Duckhorn Portfolio in the third quarter valued at about $651,000.

Wall Street Analysts Forecast Growth

NAPA has been the subject of a number of analyst reports. Jefferies Financial Group cut shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research note on Friday, December 6th. Royal Bank of Canada cut Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $11.00 to $11.10 in a research report on Friday, October 11th. Finally, Barclays lifted their price objective on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duckhorn Portfolio currently has a consensus rating of “Hold” and a consensus price target of $10.01.

Duckhorn Portfolio Price Performance

Shares of NAPA stock opened at $11.09 on Friday. The Duckhorn Portfolio, Inc. has a 52 week low of $5.38 and a 52 week high of $11.11. The stock has a market capitalization of $1.63 billion, a PE 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 stock’s fifty day moving average is $11.03 and its 200-day moving average is $8.48.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $104.76 million. During the same quarter last year, the company posted $0.14 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current fiscal year.

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.