Barclays Cuts Duckhorn Portfolio (NYSE:NAPA) Price Target to $6.00

Duckhorn Portfolio (NYSE:NAPA) had its price target decreased by Barclays from $8.00 to $6.00 in a report published on Friday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other analysts have also commented on NAPA. Citigroup decreased 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. BMO Capital Markets reduced 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. One equities research 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, Duckhorn Portfolio presently has a consensus rating of Hold and a consensus price target of $9.57.

Duckhorn Portfolio Stock Up 102.7 %

NAPA opened at $10.95 on Friday. Duckhorn Portfolio has a fifty-two week low of $5.38 and a fifty-two week high of $11.08. The company has a market capitalization of $1.61 billion, a P/E ratio of 20.15, a P/E/G ratio of 4.86 and a beta of 0.21. 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 fifty day moving average price is $6.25 and its two-hundred day moving average price is $7.35.

Duckhorn Portfolio (NYSE:NAPA) last issued its earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. The business had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. During the same period in the previous year, the business earned $0.14 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. On average, analysts anticipate that Duckhorn Portfolio will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NAPA. Simon Quick Advisors LLC bought a new stake in Duckhorn Portfolio during the 2nd quarter worth about $85,000. Canada Pension Plan Investment Board acquired a new position in shares of Duckhorn Portfolio during the second quarter worth approximately $101,000. Bayesian Capital Management LP bought a new stake in shares of Duckhorn Portfolio during the first quarter valued at approximately $133,000. Bleakley Financial Group LLC acquired a new stake in shares of Duckhorn Portfolio in the first quarter valued at approximately $136,000. Finally, Price T Rowe Associates Inc. MD raised its position in Duckhorn Portfolio by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company’s stock worth $142,000 after purchasing an additional 4,170 shares during the last quarter.

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.