The Duckhorn Portfolio, Inc. (NYSE:NAPA) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPAFree Report) by 8.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 921,070 shares of the company’s stock after acquiring an additional 69,521 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Duckhorn Portfolio were worth $9,073,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NAPA. Lazard Asset Management LLC purchased a new stake in shares of Duckhorn Portfolio in the second quarter valued at approximately $31,000. Comerica Bank purchased a new stake in shares of Duckhorn Portfolio in the third quarter valued at approximately $31,000. Tower Research Capital LLC TRC grew its position in shares of Duckhorn Portfolio by 49.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,797 shares of the company’s stock valued at $55,000 after purchasing an additional 1,264 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Duckhorn Portfolio in the first quarter valued at approximately $70,000. Finally, Point72 Middle East FZE purchased a new stake in shares of Duckhorn Portfolio in the second quarter valued at approximately $62,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NAPA. Bank of America lowered Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $11.00 to $8.00 in a research report on Tuesday, February 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 price objective on shares of Duckhorn Portfolio in a research report on Thursday, December 7th. Citigroup lowered their price objective on Duckhorn Portfolio from $16.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, December 8th. Barclays increased their price objective on Duckhorn Portfolio from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Friday, December 8th. Finally, TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Duckhorn Portfolio currently has a consensus rating of “Moderate Buy” and an average target price of $13.56.

Get Our Latest Research Report on NAPA

Duckhorn Portfolio Trading Up 1.5 %

NAPA opened at $9.31 on Friday. The Duckhorn Portfolio, Inc. has a 52 week low of $8.34 and a 52 week high of $16.11. The business has a fifty day simple moving average of $9.09 and a 200-day simple moving average of $9.84. The firm has a market cap of $1.07 billion, a P/E ratio of 16.33, a P/E/G ratio of 8.02 and a beta of 0.25. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28.

Duckhorn Portfolio (NYSE:NAPAGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. The business had revenue of $103.05 million during the quarter, compared to analyst estimates of $106.38 million. During the same period last year, the business posted $0.17 earnings per share. On average, equities analysts expect that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current year.

Insider Transactions at Duckhorn Portfolio

In other news, insider Deirdre Mahlan sold 29,681 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $9.23, for a total transaction of $273,955.63. Following the completion of the transaction, the insider now directly owns 104,590 shares in the company, valued at $965,365.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Deirdre Mahlan sold 29,681 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $9.23, for a total value of $273,955.63. Following the sale, the insider now directly owns 104,590 shares in the company, valued at $965,365.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Pete Przybylinski sold 13,707 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $10.01, for a total value of $137,207.07. Following the completion of the sale, the insider now owns 374,826 shares in the company, valued at $3,752,008.26. The disclosure for this sale can be found here. Insiders sold a total of 79,987 shares of company stock worth $766,064 over the last ninety days. Company insiders own 1.30% of the company’s stock.

About Duckhorn Portfolio

(Free Report)

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.

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Want to see what other hedge funds are holding NAPA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Duckhorn Portfolio, Inc. (NYSE:NAPAFree Report).

Institutional Ownership by Quarter for Duckhorn Portfolio (NYSE:NAPA)

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