Wellington Management Group LLP grew its stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA – Free Report) by 66.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,081,027 shares of the company’s stock after buying an additional 430,595 shares during the quarter. Wellington Management Group LLP owned about 0.94% of Duckhorn Portfolio worth $11,091,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NAPA. JPMorgan Chase & Co. raised its position in shares of Duckhorn Portfolio by 31.6% during the 1st quarter. JPMorgan Chase & Co. now owns 38,511 shares of the company’s stock worth $700,000 after buying an additional 9,252 shares in the last quarter. Raymond James & Associates raised its position in shares of Duckhorn Portfolio by 2.5% during the 1st quarter. Raymond James & Associates now owns 25,384 shares of the company’s stock worth $462,000 after buying an additional 626 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Duckhorn Portfolio by 9.9% during the 1st quarter. Bank of New York Mellon Corp now owns 151,571 shares of the company’s stock worth $2,757,000 after buying an additional 13,629 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Duckhorn Portfolio by 27.4% during the 1st quarter. HighTower Advisors LLC now owns 11,824 shares of the company’s stock worth $213,000 after buying an additional 2,545 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Duckhorn Portfolio by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 21,275 shares of the company’s stock worth $387,000 after buying an additional 7,586 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.
Duckhorn Portfolio Stock Performance
Shares of NAPA opened at $8.91 on Friday. The company’s 50 day moving average price is $9.05 and its 200 day moving average price is $9.91. The Duckhorn Portfolio, Inc. has a 52 week low of $8.34 and a 52 week high of $16.11. The company has a market capitalization of $1.03 billion, a PE ratio of 15.63, a PEG ratio of 7.89 and a beta of 0.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 6.85.
Duckhorn Portfolio (NYSE:NAPA – Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. The firm had revenue of $103.05 million for the quarter, compared to the consensus estimate of $106.38 million. During the same period in the previous year, the firm posted $0.17 earnings per share. Research analysts expect that The Duckhorn Portfolio, Inc. will post 0.59 EPS for the current fiscal year.
Analysts Set New Price Targets
NAPA has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of Duckhorn Portfolio from $13.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, December 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 target price on shares of Duckhorn Portfolio in a report on Thursday, December 7th. Bank of America downgraded shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $11.00 to $8.00 in a research report on Tuesday, February 13th. TheStreet raised shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. Finally, Citigroup dropped their target price on shares of Duckhorn Portfolio from $16.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Duckhorn Portfolio currently has an average rating of “Moderate Buy” and an average target price of $13.56.
Get Our Latest Report on Duckhorn Portfolio
Insider Buying and Selling at Duckhorn Portfolio
In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 9,700 shares of Duckhorn Portfolio stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $9.13, for a total value of $88,561.00. Following the completion of the sale, the insider now directly owns 154,797 shares in the company, valued at $1,413,296.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Duckhorn Portfolio news, insider Sean B.A. Sullivan sold 9,700 shares of Duckhorn Portfolio stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $9.13, for a total value of $88,561.00. Following the completion of the sale, the insider now directly owns 154,797 shares in the company, valued at $1,413,296.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pete Przybylinski sold 21,599 shares of Duckhorn Portfolio stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $10.00, for a total transaction of $215,990.00. Following the completion of the sale, the insider now owns 288,533 shares of the company’s stock, valued at $2,885,330. The disclosure for this sale can be found here. Insiders sold 50,306 shares of company stock worth $492,108 over the last ninety days. 1.30% of the stock is currently owned by insiders.
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.
See Also
Want to see what other hedge funds are holding NAPA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Duckhorn Portfolio, Inc. (NYSE:NAPA – Free Report).
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