The Duckhorn Portfolio, Inc. (NYSE:NAPA) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 39.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,901 shares of the company’s stock after purchasing an additional 4,762 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Duckhorn Portfolio were worth $166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Duckhorn Portfolio in the third quarter worth approximately $319,000. Patriot Financial Group Insurance Agency LLC raised its stake in Duckhorn Portfolio by 18.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 16,275 shares of the company’s stock valued at $167,000 after purchasing an additional 2,550 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Duckhorn Portfolio by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 175,681 shares of the company’s stock valued at $1,802,000 after purchasing an additional 4,925 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its position in shares of Duckhorn Portfolio by 90.5% in the third quarter. Total Clarity Wealth Management Inc. now owns 19,251 shares of the company’s stock worth $198,000 after buying an additional 9,144 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Duckhorn Portfolio by 17.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,776 shares of the company’s stock valued at $152,000 after buying an additional 2,225 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays downgraded shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $11.00 to $8.00 in a research report on Thursday, April 18th. Bank of America cut shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $11.00 to $8.00 in a research note on Tuesday, February 13th. Finally, TheStreet upgraded shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.94.

Insider Transactions at Duckhorn Portfolio

In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $9.23, for a total transaction of $273,955.63. Following the sale, the insider now directly owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Sean B.A. Sullivan sold 25,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total value of $224,750.00. Following the sale, the insider now directly owns 125,326 shares of the company’s stock, valued at approximately $1,126,680.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Deirdre Mahlan sold 29,681 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $9.23, for a total value of $273,955.63. Following the completion of the sale, the insider now owns 104,590 shares in the company, valued at approximately $965,365.70. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Duckhorn Portfolio Stock Performance

Shares of NYSE:NAPA opened at $8.39 on Monday. The firm’s 50 day simple moving average is $8.98 and its 200 day simple moving average is $9.48. The Duckhorn Portfolio, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $15.37. The company has a market capitalization of $968.29 million, a price-to-earnings ratio of 14.72, a P/E/G ratio of 7.33 and a beta of 0.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.85 and a quick ratio of 1.13.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $103.05 million during the quarter, compared to the consensus estimate of $106.38 million. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. During the same period in the prior year, the company earned $0.17 earnings per share. As a group, sell-side analysts forecast that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current 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.