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

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in 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 note on Friday, June 7th. Royal Bank of Canada cut their target price on shares of Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Finally, Citigroup cut their target price on shares of 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.86.

Duckhorn Portfolio Price Performance

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 firm’s 50 day moving average is $6.76 and its 200 day moving average is $7.78. The firm has a market cap of $827.17 million, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 5.15 and a beta of 0.22.

Institutional Investors Weigh In On Duckhorn Portfolio

Several hedge funds have recently bought and sold shares of NAPA. Simon Quick Advisors LLC purchased a new position in Duckhorn Portfolio in the second quarter worth about $85,000. Canada Pension Plan Investment Board purchased a new position in Duckhorn Portfolio in the second quarter worth about $101,000. Bayesian Capital Management LP purchased a new position in Duckhorn Portfolio in the first quarter worth about $133,000. Simplicity Wealth LLC purchased a new position in Duckhorn Portfolio in the first quarter worth about $136,000. Finally, Bleakley Financial Group LLC purchased a new position in Duckhorn Portfolio in the first quarter worth about $136,000.

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.