Janney Montgomery Scott LLC Grows Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Janney Montgomery Scott LLC lifted its stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 41.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,587 shares of the company’s stock after buying an additional 38,854 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Duckhorn Portfolio were worth $765,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in Duckhorn Portfolio during the third quarter valued at $31,000. Simon Quick Advisors LLC purchased a new stake in Duckhorn Portfolio during the second quarter valued at $85,000. ZWJ Investment Counsel Inc. purchased a new stake in Duckhorn Portfolio during the third quarter valued at $88,000. Ballentine Partners LLC purchased a new stake in Duckhorn Portfolio during the third quarter valued at $89,000. Finally, nVerses Capital LLC raised its stake in Duckhorn Portfolio by 458.6% during the third quarter. nVerses Capital LLC now owns 16,200 shares of the company’s stock valued at $94,000 after purchasing an additional 13,300 shares in the last quarter.

Duckhorn Portfolio Trading Down 0.1 %

NAPA stock opened at $11.02 on Monday. 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 twelve month low of $5.38 and a twelve month high of $11.07. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 9.50 and a beta of 0.02. The firm’s fifty day simple moving average is $8.88 and its two-hundred day simple moving average is $7.83.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NAPA. Royal Bank of Canada downgraded shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays upped their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.85.

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.