The Duckhorn Portfolio, Inc. (NYSE:NAPA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 56.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,020 shares of the company’s stock after selling 27,335 shares during the period. SG Americas Securities LLC’s holdings in Duckhorn Portfolio were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of NAPA. Allspring Global Investments Holdings LLC grew its stake in shares of Duckhorn Portfolio by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock worth $172,000 after acquiring an additional 1,555 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Duckhorn Portfolio in the first quarter worth $878,000. Capstone Investment Advisors LLC acquired a new position in shares of Duckhorn Portfolio in the first quarter worth $1,387,000. Moloney Securities Asset Management LLC acquired a new position in shares of Duckhorn Portfolio in the first quarter worth $515,000. Finally, Quantbot Technologies LP grew its stake in shares of Duckhorn Portfolio by 85.9% in the first quarter. Quantbot Technologies LP now owns 97,556 shares of the company’s stock worth $908,000 after acquiring an additional 45,075 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock opened at $10.95 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 9.46 and a beta of 0.21. The company has a fifty day simple moving average of $7.51 and a 200-day simple moving average of $7.55. The Duckhorn Portfolio, Inc. has a 12-month low of $5.38 and a 12-month high of $11.08. 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) last announced its quarterly earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $104.76 million. During the same period in the previous year, the company earned $0.14 earnings per share. Duckhorn Portfolio’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 EPS for the current fiscal year.

Duckhorn Portfolio Company 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.