Moloney Securities Asset Management LLC Reduces Stock Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Moloney Securities Asset Management LLC cut its holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) by 66.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,342 shares of the company's stock after selling 46,809 shares during the period. Moloney Securities Asset Management LLC's holdings in Duckhorn Portfolio were worth $136,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew 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 worth $175,000 after acquiring an additional 1,505 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Duckhorn Portfolio by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company's stock valued at $154,000 after purchasing an additional 3,129 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Duckhorn Portfolio by 7.6% in the second quarter. Sei Investments Co. now owns 54,093 shares of the company's stock worth $384,000 after buying an additional 3,829 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Duckhorn Portfolio by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company's stock worth $142,000 after acquiring an additional 4,170 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays lifted their price objective 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. Royal Bank of Canada lowered shares of Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and boosted their target price for the company from $11.00 to $11.10 in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $10.30.

Duckhorn Portfolio Trading Up 0.1 %

Shares of NYSE NAPA traded up $0.02 during mid-day trading on Friday, reaching $11.03. The company had a trading volume of 469,004 shares, compared to its average volume of 1,429,575. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 9.46 and a beta of 0.02. The Duckhorn Portfolio, Inc. has a 52 week low of $5.38 and a 52 week high of $11.05. The business's 50-day moving average is $8.30 and its 200-day moving average is $7.73. The company has a current ratio of 8.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

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, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $107.40 million during the quarter, compared to analysts' expectations of $104.76 million. Duckhorn Portfolio had a return on equity of 6.24% and a net margin of 13.81%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Equities analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current year.

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.