The Duckhorn Portfolio, Inc. (NYSE:NAPA) Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC raised its stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) by 21.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,478,234 shares of the company's stock after purchasing an additional 265,255 shares during the period. Verition Fund Management LLC owned 1.00% of Duckhorn Portfolio worth $8,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Westwood Holdings Group Inc. raised its stake in Duckhorn Portfolio by 4.0% in the second quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company's stock valued at $26,009,000 after buying an additional 140,113 shares during the last quarter. Marshall Wace LLP purchased a new stake in Duckhorn Portfolio during the 2nd quarter worth approximately $2,519,000. Raymond James & Associates acquired a new position in Duckhorn Portfolio during the 2nd quarter valued at approximately $1,466,000. GSA Capital Partners LLP purchased a new position in Duckhorn Portfolio in the 3rd quarter worth $620,000. Finally, River Road Asset Management LLC boosted its position in Duckhorn Portfolio by 6.1% in the third quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company's stock valued at $19,243,000 after buying an additional 190,498 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank of Canada cut Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and boosted their price objective for the company from $11.00 to $11.10 in a report on Friday, October 11th. Barclays raised their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9.85.

Duckhorn Portfolio Price Performance

Shares of Duckhorn Portfolio stock traded up $0.01 on Monday, reaching $11.01. The company's stock had a trading volume of 4,959,053 shares, compared to its average volume of 1,442,532. The company has a market capitalization of $1.62 billion, a P/E ratio of 23.45, a PEG ratio of 9.48 and a beta of 0.02. The stock has a 50-day moving average price of $9.92 and a 200-day moving average price of $8.04. 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 Duckhorn Portfolio, Inc. has a 52-week low of $5.38 and a 52-week high of $11.10.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last announced its earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $104.76 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. Analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS 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.