11,826 Shares in The Duckhorn Portfolio, Inc. (NYSE:NAPA) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,826 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NAPA. SG Americas Securities LLC purchased a new position in shares of Duckhorn Portfolio during the 3rd quarter valued at approximately $319,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in Duckhorn Portfolio by 18.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 16,275 shares of the company’s stock valued at $167,000 after purchasing an additional 2,550 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Duckhorn Portfolio by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 175,681 shares of the company’s stock valued at $1,802,000 after purchasing an additional 4,925 shares during the period. Total Clarity Wealth Management Inc. increased its stake in shares of Duckhorn Portfolio by 90.5% during the third quarter. Total Clarity Wealth Management Inc. now owns 19,251 shares of the company’s stock worth $198,000 after purchasing an additional 9,144 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Duckhorn Portfolio by 17.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,776 shares of the company’s stock worth $152,000 after purchasing an additional 2,225 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on NAPA. TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research note on Monday, March 18th. Bank of America cut Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $11.00 to $8.00 in a research report on Tuesday, February 13th. Finally, Barclays downgraded Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $11.00 to $8.00 in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.94.

Duckhorn Portfolio Stock Up 1.5 %

Shares of NYSE:NAPA opened at $8.52 on Tuesday. The Duckhorn Portfolio, Inc. has a 52-week low of $7.78 and a 52-week high of $15.37. The stock has a market cap of $983.29 million, a P/E ratio of 14.95, a PEG ratio of 7.33 and a beta of 0.25. The business has a fifty day moving average of $8.96 and a two-hundred day moving average of $9.47. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $103.05 million during the quarter, compared to analyst estimates of $106.38 million. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, research analysts expect that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current year.

Insider Activity

In related news, 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 completion of the transaction, the insider now directly owns 125,326 shares in the company, valued at $1,126,680.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were 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 of the company’s stock, valued at approximately $965,365.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sean B.A. Sullivan sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of 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. Corporate insiders own 1.30% of the company’s stock.

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.