Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,709 shares of the company’s stock after purchasing an additional 1,933 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Duckhorn Portfolio were worth $165,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Duckhorn Portfolio by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,855,487 shares of the company’s stock valued at $49,817,000 after purchasing an additional 264,257 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Duckhorn Portfolio by 18.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,418,767 shares of the company’s stock valued at $35,077,000 after acquiring an additional 544,305 shares during the last quarter. FMR LLC grew its holdings in Duckhorn Portfolio by 215.2% during 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 in the last quarter. American Century Companies Inc. increased its position in shares of Duckhorn Portfolio by 3.6% in the 3rd quarter. American Century Companies Inc. now owns 1,647,477 shares of the company’s stock worth $16,903,000 after purchasing an additional 57,664 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Duckhorn Portfolio by 66.2% in the 3rd 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 in the last quarter.

Insider Transactions at Duckhorn Portfolio

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

Analysts Set New Price Targets

Several brokerages recently weighed in on NAPA. Bank of America lowered Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $11.00 to $8.00 in a report on Tuesday, February 13th. TheStreet raised Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. Barclays downgraded shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $11.00 to $8.00 in a report on Thursday, April 18th. Finally, Wedbush dropped their target price on shares of Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Duckhorn Portfolio currently has an average rating of “Hold” and a consensus target price of $12.31.

Duckhorn Portfolio Price Performance

Shares of NYSE NAPA opened at $7.95 on Thursday. The Duckhorn Portfolio, Inc. has a 1-year low of $7.49 and a 1-year high of $14.63. The firm has a market capitalization of $917.51 million, a PE ratio of 14.21, a P/E/G ratio of 7.24 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. The business’s fifty day moving average price is $8.79 and its two-hundred day moving average price is $9.37.

Duckhorn Portfolio (NYSE:NAPA) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. The business had revenue of $103.05 million for the quarter, compared to analysts’ expectations of $106.38 million. During the same quarter last year, the company earned $0.17 EPS. On average, research analysts expect that The Duckhorn Portfolio, Inc. will post 0.56 EPS for the current year.

About Duckhorn Portfolio

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.