Duckhorn Portfolio (NYSE:NAPA) Reaches New 52-Week Low at $6.41

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

Analysts Set New Price Targets

A number of research analysts have commented on NAPA shares. Citigroup cut their target price on shares of Duckhorn Portfolio from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, June 7th. Royal Bank of Canada cut their target price on shares of Duckhorn Portfolio from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 29th. BMO Capital Markets cut their target price on shares of Duckhorn Portfolio from $10.00 to $9.00 and set a "market perform" rating on the stock in a research report on Friday, June 7th. Finally, Wedbush cut their target price on shares of Duckhorn Portfolio from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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 company has a current ratio of 8.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock has a market cap of $942.60 million, a PE ratio of 11.87, a P/E/G ratio of 6.01 and a beta of 0.24.

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) last issued its quarterly earnings data on Thursday, June 6th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. The firm had revenue of $92.53 million for the quarter, compared to the consensus estimate of $92.19 million. As a group, equities research analysts expect that The Duckhorn Portfolio, Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Duckhorn Portfolio

A number of institutional investors have recently bought and sold shares of the stock. Westwood Holdings Group Inc. lifted its stake in Duckhorn Portfolio by 32.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company's stock valued at $33,183,000 after acquiring an additional 825,730 shares during the period. Assenagon Asset Management S.A. lifted its stake in Duckhorn Portfolio by 41.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,299,972 shares of the company's stock valued at $12,103,000 after acquiring an additional 378,902 shares during the period. Marshall Wace LLP acquired a new stake in Duckhorn Portfolio during the 2nd quarter valued at approximately $2,519,000. Massachusetts Financial Services Co. MA lifted its stake in Duckhorn Portfolio by 9.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,751,059 shares of the company's stock valued at $36,948,000 after acquiring an additional 332,292 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Duckhorn Portfolio by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,577,702 shares of the company's stock valued at $35,241,000 after acquiring an additional 254,641 shares during the period.

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.