State Street Corp Purchases 10,122 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)

State Street Corp increased its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,132,720 shares of the company’s stock after buying an additional 10,122 shares during the period. State Street Corp owned about 0.77% of Duckhorn Portfolio worth $6,581,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NAPA. Westwood Holdings Group Inc. boosted its position in Duckhorn Portfolio by 4.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock valued at $26,009,000 after acquiring an additional 140,113 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Duckhorn Portfolio during the 2nd quarter worth $2,519,000. GSA Capital Partners LLP bought a new stake in Duckhorn Portfolio during the third quarter valued at about $620,000. Raymond James & Associates purchased a new position in Duckhorn Portfolio in the second quarter valued at about $1,466,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Duckhorn Portfolio during the 3rd quarter worth approximately $651,000.

Duckhorn Portfolio Price Performance

Shares of NYSE NAPA 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 business’s 50 day moving average price is $11.03 and its 200 day moving average price is $8.48. The company has a quick ratio of 0.61, a current ratio of 3.73 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.63 billion, a P/E ratio of 26.40, a P/E/G ratio of 11.35 and a beta of 0.03.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada cut Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $11.00 to $11.10 in a research note on Friday, October 11th. Jefferies Financial Group lowered 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. Finally, Barclays boosted their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Duckhorn Portfolio has a consensus rating of “Hold” and an average price target 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.