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

Barclays PLC grew its holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) by 214.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,138 shares of the company's stock after purchasing an additional 159,668 shares during the period. Barclays PLC owned about 0.16% of Duckhorn Portfolio worth $1,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NAPA. DekaBank Deutsche Girozentrale purchased a new position in Duckhorn Portfolio in the 3rd quarter worth about $31,000. Barnett & Company Inc. bought a new position in Duckhorn Portfolio in the 3rd quarter worth about $73,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Duckhorn Portfolio during the third quarter worth approximately $74,000. Simon Quick Advisors LLC purchased a new position in shares of Duckhorn Portfolio during the second quarter worth approximately $85,000. Finally, Intech Investment Management LLC bought a new stake in shares of Duckhorn Portfolio during the third quarter valued at approximately $86,000.

Analyst Ratings Changes

Several research analysts recently issued reports on NAPA shares. Jefferies Financial Group cut Duckhorn Portfolio from a "buy" rating to a "hold" rating and set a $11.00 price objective on the stock. in a research note on Friday, December 6th. Royal Bank of Canada downgraded Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and increased their price target for the stock from $11.00 to $11.10 in a research report on Friday, October 11th. Finally, Barclays raised their price target on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an "equal weight" rating in a research note 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.01.

Duckhorn Portfolio Price Performance

Shares of NYSE NAPA remained flat at $11.09 during mid-day trading on Friday. The Duckhorn Portfolio, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $11.11. The firm's 50 day moving average price is $11.03 and its 200 day moving average price is $8.49. The company has a market capitalization 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. The company has a current ratio of 3.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last announced its earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. Duckhorn Portfolio had a net margin of 12.12% and a return on equity of 6.30%. The business had revenue of $107.40 million during the quarter, compared to the consensus estimate of $104.76 million. During the same period in the previous year, the company posted $0.14 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. On average, equities analysts predict that The Duckhorn Portfolio, Inc. will post 0.6 EPS 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.