Teacher Retirement System of Texas Acquires 6,771 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Teacher Retirement System of Texas grew its holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPAFree Report) by 49.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,483 shares of the company’s stock after acquiring an additional 6,771 shares during the quarter. Teacher Retirement System of Texas’ holdings in Duckhorn Portfolio were worth $202,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in Duckhorn Portfolio in the third quarter valued at about $58,000. CWM LLC raised its stake in Duckhorn Portfolio by 1,406.8% in the fourth quarter. CWM LLC now owns 6,856 shares of the company’s stock valued at $68,000 after purchasing an additional 6,401 shares in the last quarter. Caxton Associates LP acquired a new position in Duckhorn Portfolio during the third quarter worth about $112,000. Mackenzie Financial Corp acquired a new position in Duckhorn Portfolio during the fourth quarter worth about $116,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Duckhorn Portfolio by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,709 shares of the company’s stock worth $165,000 after acquiring an additional 1,933 shares in the last quarter.

Duckhorn Portfolio Stock Performance

Duckhorn Portfolio stock opened at $7.91 on Friday. The business has a 50 day moving average of $8.40 and a 200-day moving average of $9.10. The Duckhorn Portfolio, Inc. has a 1 year low of $7.49 and a 1 year high of $14.46. The company has a market capitalization of $912.89 million, a P/E ratio of 13.88, a P/E/G ratio of 7.41 and a beta of 0.28. 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:NAPAGet Free Report) last announced its earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $106.38 million. During the same period in the prior year, the business posted $0.17 earnings per share. On average, equities research analysts predict that The Duckhorn Portfolio, Inc. will post 0.56 earnings per share for the current year.

Insider Activity at Duckhorn Portfolio

In related news, insider Deirdre Mahlan sold 29,681 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 104,590 shares in the company, valued at approximately $965,365.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sean B.A. Sullivan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $8.99, for a total value of $224,750.00. Following the transaction, the insider now owns 125,326 shares in the company, valued at $1,126,680.74. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NAPA has been the subject of several research analyst reports. Wedbush lowered their target price on Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Royal Bank of Canada lowered their target price on Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays downgraded Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $11.00 to $8.00 in a research note on Thursday, April 18th. Bank of America downgraded Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $11.00 to $8.00 in a research note on Tuesday, February 13th. Finally, TheStreet raised 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 given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Duckhorn Portfolio presently has an average rating of “Hold” and a consensus price target of $11.31.

Get Our Latest Report 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.

Further Reading

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

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