Duckhorn Portfolio (NYSE:NAPA) Hits New 1-Year Low at $6.41

The Duckhorn Portfolio, Inc. (NYSE:NAPA) shares hit a new 52-week low on Wednesday . The company traded as low as $6.41 and last traded at $6.45, with a volume of 93932 shares. The stock had previously closed at $6.50.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BMO Capital Markets decreased their target price on shares of Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Friday, June 7th. Citigroup lowered their price objective on Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Wedbush dropped their price target on shares of Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada reduced their price target on shares of Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Duckhorn Portfolio currently has a consensus rating of “Hold” and an average target price of $9.86.

Duckhorn Portfolio Stock Performance

The business’s 50-day moving average price is $7.00 and its 200-day moving average price is $8.01. The stock has a market cap of $944.07 million, a P/E ratio of 12.03, a P/E/G ratio of 6.01 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 8.09.

Duckhorn Portfolio (NYSE:NAPA) last released its earnings results on Thursday, June 6th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. The company had revenue of $92.53 million during the quarter, compared to analyst estimates of $92.19 million. As a group, sell-side analysts expect that The Duckhorn Portfolio, Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duckhorn Portfolio

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in shares of Duckhorn Portfolio by 1,406.8% in the fourth quarter. CWM LLC now owns 6,856 shares of the company’s stock worth $68,000 after purchasing an additional 6,401 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Duckhorn Portfolio during the 2nd quarter worth approximately $85,000. Canada Pension Plan Investment Board purchased a new position in shares of Duckhorn Portfolio in the second quarter valued at $101,000. Mackenzie Financial Corp bought a new stake in Duckhorn Portfolio in the fourth quarter worth $116,000. Finally, Bayesian Capital Management LP purchased a new stake in Duckhorn Portfolio during the first quarter valued at $133,000.

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.