PDT Partners LLC decreased its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) by 53.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,307 shares of the company's stock after selling 82,909 shares during the quarter. PDT Partners LLC's holdings in Duckhorn Portfolio were worth $414,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of NAPA. DekaBank Deutsche Girozentrale purchased a new position in shares of Duckhorn Portfolio in the 3rd quarter worth $31,000. Barnett & Company Inc. acquired a new stake in Duckhorn Portfolio in the 3rd quarter valued at $73,000. Simon Quick Advisors LLC acquired a new stake in shares of Duckhorn Portfolio during the second quarter valued at about $85,000. Intech Investment Management LLC acquired a new stake in shares of Duckhorn Portfolio during the third quarter valued at about $86,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Duckhorn Portfolio during the third quarter valued at about $88,000.
Wall Street Analyst Weigh In
A number of research firms recently commented on NAPA. Royal Bank of Canada downgraded Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and lifted their price target for the stock from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays lifted their price target on Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.85.
Get Our Latest Stock Analysis on Duckhorn Portfolio
Duckhorn Portfolio Price Performance
Duckhorn Portfolio stock remained flat at $11.03 during mid-day trading on Wednesday. 658,489 shares of the company's stock traded hands, compared to its average volume of 1,439,988. 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 PE ratio of 23.49, a P/E/G ratio of 9.50 and a beta of 0.03. The Duckhorn Portfolio, Inc. has a 12-month low of $5.38 and a 12-month high of $11.10. The firm's fifty day simple moving average is $10.13 and its two-hundred day simple moving average is $8.08.
Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last posted its quarterly earnings results on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The firm had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current year.
Duckhorn Portfolio Profile
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Free Report)
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.
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![Institutional Ownership by Quarter for Duckhorn Portfolio (NYSE:NAPA)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=NAPA)
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