Janney Montgomery Scott LLC Raises Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Janney Montgomery Scott LLC grew its position in The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 41.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 131,587 shares of the company’s stock after buying an additional 38,854 shares during the period. Janney Montgomery Scott LLC owned approximately 0.09% of Duckhorn Portfolio worth $765,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Westwood Holdings Group Inc. raised its holdings in Duckhorn Portfolio by 4.6% in 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 during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Duckhorn Portfolio by 41.2% in the first quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock worth $4,261,000 after acquiring an additional 133,579 shares during the period. Marshall Wace LLP bought a new stake in shares of Duckhorn Portfolio in the second quarter worth approximately $2,519,000. Raymond James & Associates bought a new stake in shares of Duckhorn Portfolio in the second quarter worth approximately $1,466,000. Finally, Sei Investments Co. bought a new stake in shares of Duckhorn Portfolio in the first quarter worth approximately $468,000.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. 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 research note on Tuesday, October 8th. Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $11.00 to $11.10 in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Duckhorn Portfolio has a consensus rating of “Hold” and a consensus target price of $9.85.

Duckhorn Portfolio Stock Performance

Shares of NYSE NAPA opened at $11.02 on Monday. The firm has a 50 day moving average of $8.88 and a 200 day moving average of $7.83. The company has a current ratio of 8.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 9.50 and a beta of 0.02. The Duckhorn Portfolio, Inc. has a 12-month low of $5.38 and a 12-month high of $11.07.

Duckhorn Portfolio (NYSE:NAPA) last announced its earnings results 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 company had revenue of $107.40 million during 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%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. On average, research analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current 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.