UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 6.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 152,823 shares of the company’s stock after selling 10,131 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Duckhorn Portfolio were worth $888,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Duckhorn Portfolio by 16.9% in the 2nd 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 during the last quarter. Sei Investments Co. raised its holdings in Duckhorn Portfolio by 7.6% in the 2nd quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock valued at $384,000 after buying an additional 3,829 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Duckhorn Portfolio in the third quarter valued at about $31,000. Rhumbline Advisers lifted its position in Duckhorn Portfolio by 7.4% in the second quarter. Rhumbline Advisers now owns 79,865 shares of the company’s stock valued at $567,000 after buying an additional 5,497 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Duckhorn Portfolio by 56.6% during the second quarter. American Century Companies Inc. now owns 23,064 shares of the company’s stock worth $164,000 after buying an additional 8,335 shares during the period.

Duckhorn Portfolio Trading Up 0.1 %

NAPA opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 3.73. The Duckhorn Portfolio, Inc. has a one year low of $5.38 and a one year high of $11.10. The company has a market cap of $1.63 billion, a P/E ratio of 26.40, a PEG ratio of 11.35 and a beta of 0.03. The business’s 50-day simple moving average is $11.01 and its 200-day simple moving average is $8.34.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a net margin of 12.12% and a return on equity of 6.30%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. As a group, equities research analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research note on Friday, December 6th. Barclays boosted their target price 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. Finally, Royal Bank of Canada lowered Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $11.00 to $11.10 in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.01.

About Duckhorn Portfolio

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.