Point72 Hong Kong Ltd Acquires New Holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Posted by on Mar 7th, 2023

Point72 Hong Kong Ltd purchased a new position in The Duckhorn Portfolio, Inc. (NYSE:NAPA – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,953 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in Duckhorn Portfolio by 49.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,797 shares of the company’s stock worth $55,000 after purchasing an additional 1,264 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Duckhorn Portfolio by 99.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,418 shares of the company’s stock worth $78,000 after purchasing an additional 2,707 shares during the last quarter. Quantbot Technologies LP purchased a new position in Duckhorn Portfolio in the third quarter worth $85,000. Lazard Asset Management LLC purchased a new stake in shares of Duckhorn Portfolio during the second quarter valued at $100,000. Finally, Mirabella Financial Services LLP purchased a new stake in shares of Duckhorn Portfolio during the third quarter valued at $168,000. 97.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NAPA. Barclays boosted their price objective on shares of Duckhorn Portfolio from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, December 12th. TheStreet raised shares of Duckhorn Portfolio from a “d+” rating to a “c-” rating in a report on Thursday, December 22nd. Finally, Citigroup boosted their price objective on shares of Duckhorn Portfolio to $20.00 in a report on Monday, December 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.78.

Duckhorn Portfolio Trading Down 0.4 %

NYSE NAPA opened at $15.11 on Tuesday. The company has a market capitalization of $1.74 billion, a PE ratio of 29.06, a P/E/G ratio of 4.51 and a beta of 0.17. The company has a fifty day moving average of $15.89 and a 200 day moving average of $15.88. The Duckhorn Portfolio, Inc. has a 1 year low of $12.64 and a 1 year high of $22.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.88 and a quick ratio of 0.59.

Duckhorn Portfolio (NYSE:NAPA – Get Rating) last posted its earnings results on Wednesday, December 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $108.17 million during the quarter, compared to the consensus estimate of $99.09 million. Duckhorn Portfolio had a net margin of 15.60% and a return on equity of 7.45%. Research analysts forecast that The Duckhorn Portfolio, Inc. will post 0.55 earnings per share for the current year.

About 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 accounts and consumers.

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

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