Duckhorn Portfolio (NYSE:NAPA) Sets New 52-Week Low at $6.23

The Duckhorn Portfolio, Inc. (NYSE:NAPA - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.23 and last traded at $6.24, with a volume of 4809 shares traded. The stock had previously closed at $6.33.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NAPA shares. Citigroup reduced their price target 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. BMO Capital Markets reduced their price target 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, Royal Bank of Canada reduced their price target 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $9.86.

Duckhorn Portfolio Price Performance

The stock's 50 day moving average is $6.90 and its two-hundred day moving average is $7.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.09 and a quick ratio of 1.04. The stock has a market capitalization of $913.93 million, a PE ratio of 11.51, a price-to-earnings-growth ratio of 5.37 and a beta of 0.24.

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

Hedge Funds Weigh In On Duckhorn Portfolio

Several hedge funds have recently added to or reduced their stakes in NAPA. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Duckhorn Portfolio by 13.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,709 shares of the company's stock valued at $165,000 after purchasing an additional 1,933 shares during the last quarter. CWM LLC grew its position in shares of Duckhorn Portfolio by 1,406.8% during the fourth quarter. CWM LLC now owns 6,856 shares of the company's stock worth $68,000 after acquiring an additional 6,401 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Duckhorn Portfolio by 49.4% during the fourth quarter. Teacher Retirement System of Texas now owns 20,483 shares of the company's stock worth $202,000 after acquiring an additional 6,771 shares during the last quarter. Jump Financial LLC grew its position in shares of Duckhorn Portfolio by 48.3% during the fourth quarter. Jump Financial LLC now owns 139,204 shares of the company's stock worth $1,371,000 after acquiring an additional 45,334 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Duckhorn Portfolio by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,577,702 shares of the company's stock worth $35,241,000 after acquiring an additional 254,641 shares during the last quarter.

Duckhorn Portfolio Company 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.