Point72 Asset Management L.P. Makes New Investment in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Point72 Asset Management L.P. acquired a new position in The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 112,119 shares of the company's stock, valued at approximately $651,000. Point72 Asset Management L.P. owned 0.08% of Duckhorn Portfolio at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Duckhorn Portfolio during the 3rd quarter valued at $31,000. Barnett & Company Inc. purchased a new stake in shares of Duckhorn Portfolio in the third quarter worth about $73,000. Simon Quick Advisors LLC acquired a new stake in shares of Duckhorn Portfolio in the second quarter valued at about $85,000. Intech Investment Management LLC purchased a new stake in shares of Duckhorn Portfolio during the 3rd quarter valued at about $86,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in Duckhorn Portfolio during the 3rd quarter worth approximately $88,000.

Analyst Ratings Changes

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

Duckhorn Portfolio Stock Down 0.0 %

NAPA traded down $0.01 during trading on Thursday, hitting $11.08. The company had a trading volume of 395,838 shares, compared to its average volume of 1,428,667. The Duckhorn Portfolio, Inc. has a 1-year low of $5.38 and a 1-year high of $11.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 0.61. The company has a market cap of $1.63 billion, a PE ratio of 26.37, a P/E/G ratio of 9.53 and a beta of 0.03. The business has a 50-day moving average of $10.89 and a 200-day moving average of $8.23.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last issued its earnings results on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. The business had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a net margin of 12.12% and a return on equity of 6.30%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 EPS. As a group, analysts forecast that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share 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.