Barclays PLC Has $1.36 Million Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Barclays PLC lifted its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 214.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 234,138 shares of the company’s stock after acquiring an additional 159,668 shares during the period. Barclays PLC owned approximately 0.16% of Duckhorn Portfolio worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Duckhorn Portfolio by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock worth $154,000 after purchasing an additional 3,129 shares during the last quarter. Sei Investments Co. increased its stake in shares of Duckhorn Portfolio by 7.6% in the 2nd quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock valued at $384,000 after purchasing an additional 3,829 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Duckhorn Portfolio during the 3rd quarter worth $31,000. Rhumbline Advisers lifted its position in shares of Duckhorn Portfolio by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 79,865 shares of the company’s stock worth $567,000 after buying an additional 5,497 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Duckhorn Portfolio by 56.6% in the second quarter. American Century Companies Inc. now owns 23,064 shares of the company’s stock valued at $164,000 after buying an additional 8,335 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. 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 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 target on the stock. in a report on Friday, December 6th. Finally, Barclays increased their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.01.

Duckhorn Portfolio Stock Performance

Duckhorn Portfolio stock opened at $11.09 on Friday. The business has a 50 day moving average of $11.03 and a 200-day moving average of $8.48. The company has a market capitalization 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. The Duckhorn Portfolio, Inc. has a 1 year low of $5.38 and a 1 year high of $11.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 0.61.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly 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 firm 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 company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. On average, equities research analysts predict that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current year.

About Duckhorn Portfolio

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.