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

The Duckhorn Portfolio, Inc. (NYSE:NAPA) 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NAPA. Royal Bank of Canada decreased their price target on shares of Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Wedbush decreased their price objective on Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Citigroup dropped 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. Finally, BMO Capital Markets decreased their target price on Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.86.

Duckhorn Portfolio Stock Down 0.7 %

The stock has a market capitalization of $935.99 million, a PE ratio of 11.79, a P/E/G ratio of 6.01 and a beta of 0.24. The stock’s fifty day simple moving average is $6.95 and its 200-day simple moving average is $7.99. The company has a current ratio of 8.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24.

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 analysts’ consensus estimates of $0.13. Duckhorn Portfolio had a return on equity of 6.45% and a net margin of 15.69%. The business had revenue of $92.53 million during the quarter, compared to the consensus estimate of $92.19 million. As a group, sell-side analysts forecast that The Duckhorn Portfolio, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Duckhorn Portfolio

Several institutional investors have recently added to or reduced their stakes in NAPA. Bessemer Group Inc. lifted its stake in shares of Duckhorn Portfolio by 8.7% in the 1st quarter. Bessemer Group Inc. now owns 18,750 shares of the company’s stock valued at $175,000 after purchasing an additional 1,505 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Duckhorn Portfolio by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock valued at $172,000 after buying an additional 1,555 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Duckhorn Portfolio by 13.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,709 shares of the company’s stock worth $165,000 after purchasing an additional 1,933 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Duckhorn Portfolio by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock valued at $154,000 after buying an additional 3,129 shares during the period. Finally, Sei Investments Co. grew its position in shares of Duckhorn Portfolio by 7.6% during the 2nd quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock valued at $384,000 after acquiring an additional 3,829 shares during the period.

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.