Duckhorn Portfolio (NYSE:NAPA) Hits New 52-Week Low at $5.97

The Duckhorn Portfolio, Inc. (NYSE:NAPA - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.97 and last traded at $5.99, with a volume of 29319 shares traded. The stock had previously closed at $6.11.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. 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. Royal Bank of Canada dropped 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. Finally, Citigroup reduced their price objective on shares of Duckhorn Portfolio from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $9.86.

Duckhorn Portfolio Price Performance

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 company's fifty day simple moving average is $6.82 and its 200-day simple moving average is $7.82. The stock has a market cap of $841.13 million, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 5.15 and a beta of 0.22.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of hedge funds and other institutional investors have recently made changes to their positions in NAPA. Teacher Retirement System of Texas increased its stake 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 purchasing an additional 6,771 shares during the period. Jump Financial LLC lifted its holdings in Duckhorn Portfolio by 48.3% during the 4th quarter. Jump Financial LLC now owns 139,204 shares of the company's stock worth $1,371,000 after buying an additional 45,334 shares during the period. Dimensional Fund Advisors LP increased 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 buying an additional 254,641 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Duckhorn Portfolio by 9.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,751,059 shares of the company's stock worth $36,948,000 after purchasing an additional 332,292 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in Duckhorn Portfolio in the fourth quarter worth $1,084,000.

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.