Mcmorgan & Co. LLC Buys 21,430 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Mcmorgan & Co. LLC increased its stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 9.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,708 shares of the company’s stock after acquiring an additional 21,430 shares during the period. Mcmorgan & Co. LLC owned about 0.17% of Duckhorn Portfolio worth $1,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of NAPA. Vanguard Group Inc. increased its holdings in Duckhorn Portfolio by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 5,274,221 shares of the company’s stock valued at $49,103,000 after purchasing an additional 190,083 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Duckhorn Portfolio by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,831,391 shares of the company’s stock valued at $27,203,000 after purchasing an additional 98,038 shares during the period. Westwood Holdings Group Inc. increased its holdings in Duckhorn Portfolio by 4.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock valued at $26,009,000 after purchasing an additional 140,113 shares during the period. Dimensional Fund Advisors LP increased its holdings in Duckhorn Portfolio by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,577,702 shares of the company’s stock valued at $35,241,000 after purchasing an additional 254,641 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in Duckhorn Portfolio by 41.2% during the 1st quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock valued at $4,261,000 after purchasing an additional 133,579 shares during the period.

Duckhorn Portfolio Stock Performance

Duckhorn Portfolio stock opened at $5.80 on Friday. The company has a quick ratio of 1.04, a current ratio of 8.09 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $852.89 million, a P/E ratio of 10.74, a PEG ratio of 4.86 and a beta of 0.22. The stock’s 50 day moving average is $6.47 and its 200 day moving average is $7.51. The Duckhorn Portfolio, Inc. has a twelve month low of $5.49 and a twelve month high of $11.88.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NAPA shares. Citigroup reduced their price target on Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, June 7th. BMO Capital Markets reduced their price target on Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.86.

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.