Duckhorn Portfolio (NYSE:NAPA) Shares Down 4.5%

The Duckhorn Portfolio, Inc. (NYSE:NAPA)’s share price fell 4.5% during mid-day trading on Tuesday . The stock traded as low as $7.16 and last traded at $7.24. 1,032,353 shares traded hands during trading, an increase of 4% from the average session volume of 994,375 shares. The stock had previously closed at $7.58.

Analysts Set New Price Targets

A number of research firms recently issued reports on NAPA. Barclays cut shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $11.00 to $8.00 in a research report on Thursday, April 18th. Royal Bank of Canada dropped their price target on Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, May 29th. Citigroup reduced their price objective on 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 dropped their target price on Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Friday, June 7th. Finally, Wedbush cut their price target on Duckhorn Portfolio from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. One investment 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, the company currently has an average rating of “Hold” and a consensus target price of $9.86.

Duckhorn Portfolio Price Performance

The company has a fifty day simple moving average of $7.54 and a 200 day simple moving average of $8.41. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 7.49 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 posted its quarterly earnings data on Thursday, June 6th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $92.53 million for the quarter, compared to analyst estimates of $92.19 million. Duckhorn Portfolio had a return on equity of 6.45% and a net margin of 15.69%. Equities research 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 large investors have recently modified their holdings of NAPA. CWM LLC lifted its holdings in Duckhorn Portfolio by 1,406.8% in the fourth quarter. CWM LLC now owns 6,856 shares of the company’s stock valued at $68,000 after buying an additional 6,401 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Duckhorn Portfolio by 94.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,289 shares of the company’s stock valued at $101,000 after purchasing an additional 4,992 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Duckhorn Portfolio in the 4th quarter valued at about $116,000. Bayesian Capital Management LP bought a new stake in shares of Duckhorn Portfolio during the 1st quarter valued at about $133,000. Finally, Simplicity Wealth LLC acquired a new stake in Duckhorn Portfolio during the first quarter worth approximately $136,000.

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.