Raymond James & Associates Takes Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Raymond James & Associates acquired a new stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 206,524 shares of the company's stock, valued at approximately $1,466,000. Raymond James & Associates owned 0.14% of Duckhorn Portfolio as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Duckhorn Portfolio by 8.7% during the 1st quarter. Bessemer Group Inc. now owns 18,750 shares of the company's stock valued at $175,000 after buying an additional 1,505 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Duckhorn Portfolio by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company's stock valued at $172,000 after acquiring an additional 1,555 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Duckhorn Portfolio by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,709 shares of the company's stock worth $165,000 after purchasing an additional 1,933 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Duckhorn Portfolio by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company's stock worth $142,000 after purchasing an additional 4,170 shares during the period. Finally, American International Group Inc. increased its holdings in shares of Duckhorn Portfolio by 20.5% during the 1st quarter. American International Group Inc. now owns 26,298 shares of the company's stock valued at $245,000 after purchasing an additional 4,467 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Duckhorn Portfolio from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Wednesday, May 29th. BMO Capital Markets cut their price target on Duckhorn Portfolio from $10.00 to $9.00 and set a "market perform" rating for the company in a research note on Friday, June 7th. Finally, Citigroup lowered their price target on Duckhorn Portfolio from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Duckhorn Portfolio presently has an average rating of "Hold" and an average target price of $9.86.

Duckhorn Portfolio Price Performance

NYSE:NAPA traded down $0.06 during trading hours on Thursday, hitting $6.04. 1,414,318 shares of the stock were exchanged, compared to its average volume of 1,067,832. The firm's fifty day moving average price is $6.88 and its 200 day moving average price is $7.90. The Duckhorn Portfolio, Inc. has a 52-week low of $6.01 and a 52-week high of $12.27. The company has a market cap of $888.19 million, a P/E ratio of 11.30, a P/E/G ratio of 5.37 and a beta of 0.24. The company has a current ratio of 8.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $92.53 million during the quarter, compared to the consensus estimate of $92.19 million. Duckhorn Portfolio had a return on equity of 6.45% and a net margin of 15.69%. As a group, equities research analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.52 EPS 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.