Nuveen Asset Management LLC to Acquire 365,414 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)


Nuveen Asset Management LLC increased its stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA – Get Rating) by 347.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 470,513 shares of the company after purchasing an additional 365,414 shares during the period. Nuveen Asset Management LLC owned approximately 0.41% of Duckhorn’s $6,789,000 portfolio at the end of the most recent quarter.

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Other institutional investors and hedge funds have also changed their holdings in the company. Raymond James & Associates added 2.5% to its position in Duckhorn Portfolio in the first quarter. Raymond James & Associates now owns 25,384 shares of the company, valued at $462,000, having purchased an additional 626 shares during the period. Brown Advisory Inc. increased its holding in Duckhorn Portfolio by 6.5% during the second quarter. Brown Advisory Inc. now owns 11,152 shares of the company’s stock valued at $235,000 after purchasing an additional 679 shares last quarter. Tower Research Capital LLC TRC increased its holding in Duckhorn Portfolio by 49.9% during 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 during the period. Credit Suisse AG increased its stake in Duckhorn portfolio shares by 5.0% in the third quarter. Credit Suisse AG now owns 29,470 shares of the company, valued at $425,000, after buying another 1,409 shares last quarter. Finally, Toroso Investments LLC increased its holdings of Duckhorn portfolio shares by 23.2% during the first quarter. Toroso Investments LLC now owns 11,646 shares of the company’s stock valued at $212,000, having purchased an additional 2,191 shares during the period. Institutional investors own 97.75% of the company’s shares.

Duckhorn portfolio stock down 1.5%

Shares of NAPA stock opened at $15.43 on Monday. The company has a debt to equity ratio of 0.24, a current ratio of 5.18 and a quick ratio of 0.59. Duckhorn Portfolio, Inc. has a yearly low of $12.64 and a yearly high of $22.29. The company’s 50-day moving average price is $15.80 and its 200-day moving average price is $15.77. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 4.59 and a beta of 0.17.

Duckhorn Portfolio (NYSE:NAPA – Get Rating) last released its quarterly results on Wednesday, March 8th. The company reported $0.17 per share for the quarter, beating analysts’ consensus estimate of $0.15 by $0.02. The company posted revenue of $103.49 million for the quarter, compared to analysts’ expectations of $102.46 million. Duckhorn Portfolio had a return on equity of 7.50% and a net margin of 14.61%. In the same period last year, the company generated earnings per share of $0.16. Sell-side analysts expect The Duckhorn Portfolio, Inc. to post 0.55 EPS for the current fiscal year.

Changes in analyst ratings

A number of research analysts have covered NAPA stocks. TheStreet upgraded Duckhorn Portfolio from a “d+” rating to a “c-” rating in a report on Thursday, December 22nd. Barclays upgraded shares of Duckhorn Portfolio from an “Equal Weight” rating to an “Overweight” rating in a research note on Thursday. Citigroup raised its price target for shares of Duckhorn Portfolio to $20.00 in a research report on Monday, December 12. Finally, JPMorgan Chase & Co. raised its target price on shares of Duckhorn Portfolio to $18.00 from $17.00, giving the stock a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Duckhorn Portfolio has a consensus rating of Moderate Buy and an average target price of $19.67.

About the Duckhorn portfolio

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The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing and Postmark. The Company sells wines to distributors and directly to retail customers and consumers.

Selected items

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

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