Fmr LLC Trims Stock Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

FMR LLC trimmed its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) by 92.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,668 shares of the company's stock after selling 109,874 shares during the period. FMR LLC's holdings in Duckhorn Portfolio were worth $50,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NAPA. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Duckhorn Portfolio during the third quarter worth about $192,000. Charles Schwab Investment Management Inc. lifted its holdings in Duckhorn Portfolio by 10.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 407,060 shares of the company's stock worth $2,365,000 after buying an additional 37,030 shares in the last quarter. Intech Investment Management LLC purchased a new position in Duckhorn Portfolio in the 3rd quarter valued at approximately $86,000. MQS Management LLC acquired a new position in shares of Duckhorn Portfolio in the third quarter worth $178,000. Finally, Barnett & Company Inc. purchased a new stake in shares of Duckhorn Portfolio during the third quarter worth $73,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group lowered Duckhorn Portfolio from a "buy" rating to a "hold" rating and set a $11.00 target price for the company. in a report on Friday, December 6th. Royal Bank of Canada downgraded Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and boosted their price objective for the stock from $11.00 to $11.10 in a research report on Friday, October 11th. Finally, Barclays raised their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.01.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock remained flat at $11.09 during mid-day trading on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 3.73. The Duckhorn Portfolio, Inc. has a one year low of $5.38 and a one year high of $11.11. The stock's fifty day moving average price is $11.02 and its 200 day moving average price is $8.43. The company has a market capitalization of $1.63 billion, a P/E ratio of 26.40, a P/E/G ratio of 11.35 and a beta of 0.03.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last posted its earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating 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 firm had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. During the same period last year, the firm posted $0.14 EPS. The company's revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current 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.