Assenagon Asset Management S.A. Trims Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Assenagon Asset Management S.A. cut its holdings in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) by 41.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 656,297 shares of the company's stock after selling 456,650 shares during the quarter. Assenagon Asset Management S.A. owned about 0.45% of Duckhorn Portfolio worth $3,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Bessemer Group Inc. boosted its holdings in 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 acquiring an additional 1,505 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Duckhorn Portfolio by 9.2% during the 1st 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. The Manufacturers Life Insurance Company boosted its holdings in Duckhorn Portfolio by 16.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company's stock valued at $154,000 after acquiring an additional 3,129 shares during the period. Sei Investments Co. boosted its holdings in Duckhorn Portfolio by 7.6% during the 2nd quarter. Sei Investments Co. now owns 54,093 shares of the company's stock valued at $384,000 after acquiring an additional 3,829 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $142,000 after acquiring an additional 4,170 shares during the period.

Duckhorn Portfolio Stock Performance

Shares of NAPA remained flat at $10.98 during midday trading on Thursday. The stock had a trading volume of 1,307,942 shares, compared to its average volume of 1,433,438. The company has a 50-day moving average price of $7.85 and a 200-day moving average price of $7.63. 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 firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 9.44 and a beta of 0.21. The Duckhorn Portfolio, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $11.08.

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

Analyst Ratings Changes

A number of brokerages recently commented on NAPA. Barclays raised their target price on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Royal Bank of Canada cut Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and lifted their price objective for the company from $11.00 to $11.10 in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Duckhorn Portfolio has an average rating of "Hold" and an average target price of $10.30.

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.