The Duckhorn Portfolio, Inc. (NYSE:NAPA) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 40.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 151,454 shares of the company’s stock after purchasing an additional 43,248 shares during the period. Janus Henderson Group PLC’s holdings in Duckhorn Portfolio were worth $880,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NAPA. Massachusetts Financial Services Co. MA lifted its position in shares of Duckhorn Portfolio by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,831,391 shares of the company’s stock worth $27,203,000 after purchasing an additional 98,038 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Duckhorn Portfolio by 4.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock worth $26,009,000 after buying an additional 140,113 shares during the period. River Road Asset Management LLC increased its stake in Duckhorn Portfolio by 6.1% during the 3rd quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company’s stock worth $19,243,000 after buying an additional 190,498 shares during the period. Verition Fund Management LLC lifted its holdings in Duckhorn Portfolio by 21.9% during the 3rd quarter. Verition Fund Management LLC now owns 1,478,234 shares of the company’s stock worth $8,589,000 after buying an additional 265,255 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Duckhorn Portfolio by 10.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 407,060 shares of the company’s stock valued at $2,365,000 after buying an additional 37,030 shares during the period.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock opened at $11.08 on Friday. The stock has a market cap of $1.63 billion, a PE ratio of 26.38, a P/E/G ratio of 11.35 and a beta of 0.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 0.61. The stock’s fifty day moving average is $11.00 and its two-hundred day moving average is $8.25. The Duckhorn Portfolio, Inc. has a 1-year low of $5.38 and a 1-year high of $11.10.

Duckhorn Portfolio (NYSE:NAPA) last issued its 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 business had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a return on equity of 6.30% and a net margin of 12.12%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. On average, sell-side analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NAPA. Barclays upped their price objective on Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada downgraded Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $11.00 to $11.10 in a report on Friday, October 11th. Finally, 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. One research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.