Simplicity Wealth LLC Invests $136,000 in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Simplicity Wealth LLC acquired a new position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,614 shares of the company’s stock, valued at approximately $136,000.

Several other institutional investors also recently modified their holdings of NAPA. Bank of New York Mellon Corp grew its holdings in shares of Duckhorn Portfolio by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 175,681 shares of the company’s stock worth $1,802,000 after purchasing an additional 4,925 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Duckhorn Portfolio by 16.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 13,712 shares of the company’s stock worth $141,000 after purchasing an additional 1,938 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Duckhorn Portfolio by 46.0% during the 3rd quarter. Principal Financial Group Inc. now owns 18,505 shares of the company’s stock worth $190,000 after purchasing an additional 5,833 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Duckhorn Portfolio by 124.6% during the 3rd quarter. Victory Capital Management Inc. now owns 26,020 shares of the company’s stock worth $267,000 after purchasing an additional 14,436 shares in the last quarter.

Duckhorn Portfolio Price Performance

NAPA traded up $0.08 during trading on Friday, hitting $8.05. The company’s stock had a trading volume of 672,211 shares, compared to its average volume of 791,923. The firm’s 50 day moving average price is $8.48 and its two-hundred day moving average price is $9.16. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28. The Duckhorn Portfolio, Inc. has a 12 month low of $7.49 and a 12 month high of $14.46. The stock has a market capitalization of $929.05 million, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 7.34 and a beta of 0.28.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. The firm had revenue of $103.05 million during the quarter, compared to the consensus estimate of $106.38 million. During the same quarter in the previous year, the company posted $0.17 EPS. Sell-side analysts forecast that The Duckhorn Portfolio, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Duckhorn Portfolio

In other news, insider Sean B.A. Sullivan sold 25,000 shares of the business’s 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 completion of the sale, the insider now owns 125,326 shares in the company, valued at $1,126,680.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Sean B.A. Sullivan sold 25,000 shares of the business’s 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 completion of the sale, the insider now owns 125,326 shares in the company, valued at $1,126,680.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $9.23, for a total value of $273,955.63. Following the sale, the insider now owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NAPA has been the subject of several analyst reports. TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research report on Monday, March 18th. Bank of America downgraded Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $11.00 to $8.00 in a research report on Tuesday, February 13th. Barclays downgraded Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $11.00 to $8.00 in a research report on Thursday, April 18th. Finally, Wedbush cut their target price on Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating for the company in a research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.31.

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.