The Duckhorn Portfolio, Inc. (NYSE:NAPA) Stake Lessened by Citigroup Inc.

Citigroup Inc. decreased its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPAFree Report) by 82.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,849 shares of the company’s stock after selling 18,438 shares during the period. Citigroup Inc.’s holdings in Duckhorn Portfolio were worth $39,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Duckhorn Portfolio by 66.2% during the third quarter. Wellington Management Group LLP now owns 1,081,027 shares of the company’s stock valued at $11,091,000 after purchasing an additional 430,595 shares during the last quarter. Mcmorgan & Co. LLC boosted its stake in shares of Duckhorn Portfolio by 54.6% during the 3rd quarter. Mcmorgan & Co. LLC now owns 210,873 shares of the company’s stock worth $2,164,000 after acquiring an additional 74,455 shares in the last quarter. FMR LLC grew its holdings in shares of Duckhorn Portfolio by 215.2% in the 3rd quarter. FMR LLC now owns 2,458,073 shares of the company’s stock worth $25,220,000 after acquiring an additional 1,678,271 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Duckhorn Portfolio by 18.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,418,767 shares of the company’s stock worth $35,077,000 after purchasing an additional 544,305 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Duckhorn Portfolio by 1.1% during the third quarter. Swiss National Bank now owns 114,000 shares of the company’s stock valued at $1,170,000 after purchasing an additional 1,200 shares during the last quarter.

Duckhorn Portfolio Trading Up 1.1 %

NYSE NAPA opened at $9.19 on Wednesday. The company has a current ratio of 6.85, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The Duckhorn Portfolio, Inc. has a 1-year low of $8.34 and a 1-year high of $16.11. The firm’s fifty day simple moving average is $9.10 and its 200-day simple moving average is $9.78. The company has a market capitalization of $1.06 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 8.14 and a beta of 0.25.

Duckhorn Portfolio (NYSE:NAPAGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. The firm had revenue of $103.05 million for the quarter, compared to the consensus estimate of $106.38 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. As a group, sell-side analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Activity at Duckhorn Portfolio

In other news, insider Pete Przybylinski sold 21,599 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $10.00, for a total transaction of $215,990.00. Following the transaction, the insider now owns 288,533 shares in the company, valued at approximately $2,885,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Pete Przybylinski sold 21,599 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $10.00, for a total transaction of $215,990.00. Following the completion of the sale, the insider now owns 288,533 shares in the company, valued at approximately $2,885,330. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sean B.A. Sullivan sold 9,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $9.13, for a total value of $88,561.00. Following the completion of the transaction, the insider now directly owns 154,797 shares in the company, valued at $1,413,296.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,987 shares of company stock valued at $766,064. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. BMO Capital Markets dropped their price target on Duckhorn Portfolio from $13.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, December 11th. Royal Bank of Canada restated an “outperform” rating and set a $19.00 price target on shares of Duckhorn Portfolio in a report on Thursday, December 7th. Bank of America lowered shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $11.00 to $8.00 in a research note on Tuesday, February 13th. Citigroup cut their target price on shares of Duckhorn Portfolio from $16.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, December 8th. Finally, Barclays raised their target price on Duckhorn Portfolio from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Check Out Our Latest Stock Analysis on NAPA

Duckhorn Portfolio Profile

(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.

Read More

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

Receive News & Ratings for Duckhorn Portfolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duckhorn Portfolio and related companies with MarketBeat.com's FREE daily email newsletter.