Hotchkis & Wiley Capital Management LLC Trims Stock Holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Hotchkis & Wiley Capital Management LLC decreased its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,483,900 shares of the company's stock after selling 94,700 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 1.01% of Duckhorn Portfolio worth $8,621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Centiva Capital LP bought a new stake in Duckhorn Portfolio during the 3rd quarter valued at $94,000. ArrowMark Colorado Holdings LLC acquired a new position in shares of Duckhorn Portfolio during the third quarter valued at about $92,000. Atom Investors LP bought a new stake in shares of Duckhorn Portfolio during the third quarter worth about $2,327,000. Paloma Partners Management Co acquired a new stake in shares of Duckhorn Portfolio in the 3rd quarter worth about $95,000. Finally, Verition Fund Management LLC lifted its position in Duckhorn Portfolio by 21.9% in the 3rd quarter. Verition Fund Management LLC now owns 1,478,234 shares of the company's stock valued at $8,589,000 after acquiring an additional 265,255 shares in the last quarter.

Analyst Ratings Changes

NAPA has been the subject of several analyst reports. Royal Bank of Canada downgraded Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and increased their price objective for the stock from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays increased their price target on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Duckhorn Portfolio has an average rating of "Hold" and a consensus price target of $9.85.

Duckhorn Portfolio Stock Performance

Duckhorn Portfolio stock traded up $0.01 during mid-day trading on Thursday, reaching $11.04. 1,209,946 shares of the company's stock were exchanged, compared to its average volume of 1,439,019. The firm has a market capitalization of $1.63 billion, a PE ratio of 23.49, a P/E/G ratio of 9.51 and a beta of 0.03. The company has a quick ratio of 1.33, a current ratio of 8.05 and a debt-to-equity ratio of 0.24. The business's fifty day simple moving average is $10.24 and its 200 day simple moving average is $8.10. The Duckhorn Portfolio, Inc. has a one year low of $5.38 and a one year high of $11.10.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last issued its quarterly earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The company had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. During the same period in the previous year, the firm earned $0.14 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current 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.