Creative Planning Grows Stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Creative Planning raised its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 106.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,221 shares of the company’s stock after purchasing an additional 19,187 shares during the period. Creative Planning’s holdings in Duckhorn Portfolio were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of Duckhorn Portfolio during the first quarter valued at approximately $878,000. Westwood Holdings Group Inc. boosted its position in Duckhorn Portfolio by 4.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company’s stock valued at $32,801,000 after acquiring an additional 154,320 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Duckhorn Portfolio by 41.2% in the 1st quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock valued at $4,261,000 after acquiring an additional 133,579 shares during the period. Marshall Wace LLP bought a new position in shares of Duckhorn Portfolio in the 2nd quarter worth $2,519,000. Finally, Raymond James & Associates purchased a new stake in shares of Duckhorn Portfolio during the 2nd quarter worth $1,466,000.

Duckhorn Portfolio Trading Up 0.2 %

Shares of Duckhorn Portfolio stock opened at $11.03 on Monday. The Duckhorn Portfolio, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $11.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 8.05. The company has a market cap of $1.62 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 9.51 and a beta of 0.02. The firm has a 50-day simple moving average of $8.39 and a two-hundred day simple moving average of $7.74.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. Duckhorn Portfolio had a return on equity of 6.24% and a net margin of 13.81%. Duckhorn Portfolio’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. As a group, equities analysts predict that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays boosted their price objective on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lowered Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $11.00 to $11.10 in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.30.

Duckhorn Portfolio 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.