Barclays PLC Grows Holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in Duckhorn Portfolio during the third quarter worth about $31,000. Barnett & Company Inc. purchased a new position in Duckhorn Portfolio in the third quarter valued at about $73,000. CTC Alternative Strategies Ltd. purchased a new position in Duckhorn Portfolio in the third quarter valued at about $74,000. Canada Pension Plan Investment Board purchased a new position in Duckhorn Portfolio in the second quarter valued at about $101,000. Finally, Intech Investment Management LLC purchased a new position in Duckhorn Portfolio in the third quarter valued at about $86,000.

Duckhorn Portfolio Stock Performance

NYSE:NAPA opened at $11.09 on Monday. The company has a 50-day moving average price of $11.05 and a 200-day moving average price of $8.75. The Duckhorn Portfolio, Inc. has a 12 month low of $5.38 and a 12 month high of $11.11. 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 stock has a market cap of $1.63 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 11.35 and a beta of 0.03.

Wall Street Analyst Weigh In

NAPA has been the topic of a number of research analyst reports. Barclays boosted their target price 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. Royal Bank of Canada cut shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $11.00 to $11.10 in a research note on Friday, October 11th. Finally, Jefferies Financial Group cut shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.01.

Duckhorn Portfolio 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.