Duckhorn Portfolio (NYSE:NAPA) Shares Down 4.5%

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NAPA shares. Barclays downgraded Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $11.00 to $8.00 in a research report on Thursday, April 18th. 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. Royal Bank of Canada cut their price target on Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. BMO Capital Markets cut their price target on Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Friday, June 7th. Finally, Citigroup cut their price target on Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.86.

Duckhorn Portfolio Stock Performance

The firm has a 50-day moving average of $7.49 and a two-hundred day moving average of $8.38. The company has a quick ratio of 1.04, a current ratio of 8.09 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.06 billion, a PE ratio of 13.37, a PEG ratio of 7.16 and a beta of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Thursday, June 6th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $92.53 million during the quarter, compared to analysts’ expectations of $92.19 million. Duckhorn Portfolio had a return on equity of 6.45% and a net margin of 15.69%. Research analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.52 EPS for the current year.

Institutional Trading of Duckhorn Portfolio

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates acquired a new stake in shares of Duckhorn Portfolio in the second quarter worth approximately $1,466,000. SG Americas Securities LLC acquired a new stake in shares of Duckhorn Portfolio in the second quarter worth approximately $343,000. Simplicity Wealth LLC boosted its stake in shares of Duckhorn Portfolio by 120.0% in the second quarter. Simplicity Wealth LLC now owns 32,158 shares of the company’s stock worth $228,000 after acquiring an additional 17,544 shares during the last quarter. Stokes Family Office LLC boosted its stake in Duckhorn Portfolio by 46.4% during the second quarter. Stokes Family Office LLC now owns 197,250 shares of the company’s stock worth $1,400,000 after buying an additional 62,500 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in Duckhorn Portfolio by 4.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company’s stock worth $32,801,000 after buying an additional 154,320 shares during the last quarter.

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.