Intech Investment Management LLC Acquires Shares of 14,850 The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Intech Investment Management LLC bought a new position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,850 shares of the company’s stock, valued at approximately $86,000.

A number of other large investors also recently modified their holdings of NAPA. DekaBank Deutsche Girozentrale bought a new stake in Duckhorn Portfolio during the 3rd quarter worth approximately $31,000. Barnett & Company Inc. purchased a new position in shares of Duckhorn Portfolio during the third quarter valued at approximately $73,000. Simon Quick Advisors LLC bought a new stake in Duckhorn Portfolio during the second quarter worth $85,000. ZWJ Investment Counsel Inc. purchased a new stake in Duckhorn Portfolio in the 3rd quarter valued at $88,000. Finally, Ballentine Partners LLC bought a new position in Duckhorn Portfolio during the 3rd quarter valued at $89,000.

Wall Street Analyst Weigh In

NAPA has been the subject of several analyst reports. Royal Bank of Canada downgraded shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $11.00 to $11.10 in a report on Friday, October 11th. 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. Finally, Jefferies Financial Group downgraded Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.01.

Duckhorn Portfolio Stock Performance

NYSE NAPA opened at $11.06 on Monday. The company’s 50 day simple moving average is $10.45 and its two-hundred day simple moving average is $8.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.05 and a quick ratio of 1.33. The Duckhorn Portfolio, Inc. has a 1 year low of $5.38 and a 1 year high of $11.10. The stock has a market capitalization of $1.63 billion, a PE ratio of 26.33, a P/E/G ratio of 9.51 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 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The firm had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Analysts predict that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal 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.