Fmr LLC Lowers Stock Holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Fmr LLC lessened its holdings in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 92.7% during the third quarter, HoldingsChannel reports. The firm owned 8,668 shares of the company’s stock after selling 109,874 shares during the quarter. Fmr LLC’s holdings in Duckhorn Portfolio were worth $50,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. 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 during the last quarter. Sei Investments Co. increased its stake in shares of Duckhorn Portfolio by 7.6% during the 2nd quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock valued at $384,000 after acquiring an additional 3,829 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Duckhorn Portfolio during the 3rd quarter valued at about $31,000. Rhumbline Advisers lifted its holdings in shares of 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 acquiring an additional 5,497 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Duckhorn Portfolio by 56.6% in the second quarter. American Century Companies Inc. now owns 23,064 shares of the company’s stock worth $164,000 after acquiring an additional 8,335 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on NAPA shares. Jefferies Financial Group lowered shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research report on Friday, December 6th. Royal Bank of Canada downgraded Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $11.00 to $11.10 in a report on Friday, October 11th. Finally, Barclays lifted their target price on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.01.

Duckhorn Portfolio Stock Performance

NYSE:NAPA opened at $11.09 on Wednesday. The firm’s fifty day simple moving average is $11.02 and its 200 day simple moving average is $8.39. The company has a current ratio of 3.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The Duckhorn Portfolio, Inc. has a twelve month low of $5.38 and a twelve month high of $11.11. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 11.35 and a beta of 0.03.

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 company had revenue of $107.40 million during the quarter, compared to the consensus estimate of $104.76 million. Duckhorn Portfolio had a return on equity of 6.30% and a net margin of 12.12%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, equities research analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal year.

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.