Select Equity Group L.P. Sells 2,332,379 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Select Equity Group L.P. reduced its stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 28.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,916,709 shares of the company’s stock after selling 2,332,379 shares during the period. Select Equity Group L.P. owned approximately 4.02% of Duckhorn Portfolio worth $42,009,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Simon Quick Advisors LLC bought a new position in Duckhorn Portfolio in the 2nd quarter worth about $85,000. Canada Pension Plan Investment Board bought a new position in shares of Duckhorn Portfolio in the second quarter valued at approximately $101,000. Bayesian Capital Management LP purchased a new position in Duckhorn Portfolio during the first quarter valued at approximately $133,000. BOKF NA bought a new stake in Duckhorn Portfolio during the 2nd quarter worth approximately $133,000. Finally, Bleakley Financial Group LLC purchased a new stake in Duckhorn Portfolio in the 1st quarter worth approximately $136,000.

Duckhorn Portfolio Stock Performance

NYSE NAPA opened at $5.80 on Friday. The Duckhorn Portfolio, Inc. has a 52-week low of $5.49 and a 52-week high of $11.88. The company has a fifty day moving average of $6.47 and a 200-day moving average of $7.51. The company has a market capitalization of $852.89 million, a P/E ratio of 10.74, a P/E/G ratio of 4.86 and a beta of 0.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 8.09.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets decreased their price target on shares of Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Friday, June 7th. Citigroup decreased their target price on Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.86.

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.