Barclays PLC Buys 159,668 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Barclays PLC increased its stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 214.4% during the 3rd quarter, Holdings Channel reports. The fund owned 234,138 shares of the company’s stock after acquiring an additional 159,668 shares during the period. Barclays PLC’s holdings in Duckhorn Portfolio were worth $1,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Duckhorn Portfolio by 16.9% in the second quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock valued at $154,000 after purchasing an additional 3,129 shares in the last quarter. Sei Investments Co. grew 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 buying an additional 3,829 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Duckhorn Portfolio in the 3rd quarter valued at about $31,000. Rhumbline Advisers raised its stake in 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 period. Finally, American Century Companies Inc. raised its stake in Duckhorn Portfolio by 56.6% during the 2nd quarter. American Century Companies Inc. now owns 23,064 shares of the company’s stock worth $164,000 after buying an additional 8,335 shares during the period.

Duckhorn Portfolio Stock Performance

Shares of Duckhorn Portfolio stock 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 company has a quick ratio of 0.61, a current ratio of 3.73 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $11.03 and a 200-day moving average price of $8.48. The company has a market cap of $1.63 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 11.35 and a beta of 0.03.

Duckhorn Portfolio (NYSE:NAPA) last released its quarterly earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Duckhorn Portfolio had a return on equity of 6.30% and a net margin of 12.12%. The business had revenue of $107.40 million during the quarter, compared to analyst estimates of $104.76 million. During the same period in the prior year, the firm posted $0.14 EPS. Duckhorn Portfolio’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NAPA shares. Jefferies Financial Group cut Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a research note on Friday, December 6th. Barclays increased their target price on Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their price target for the company 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, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.01.

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.