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

Duckhorn Portfolio (NYSE:NAPA) had its price target lowered by equities researchers at Barclays from $8.00 to $6.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 11.11% from the company’s previous close.

Several other analysts also recently issued reports on NAPA. Citigroup cut their price objective on Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, June 7th. BMO Capital Markets cut their price objective 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Duckhorn Portfolio currently has a consensus rating of “Hold” and an average target price of $9.57.

Duckhorn Portfolio Price Performance

NYSE NAPA opened at $5.40 on Friday. The stock’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $7.37. The company has a current ratio of 8.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The company has a market cap of $794.08 million, a PE ratio of 10.00, a PEG ratio of 4.86 and a beta of 0.21. Duckhorn Portfolio has a 1 year low of $5.38 and a 1 year high of $11.08.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of large investors have recently made changes to their positions in the business. Westwood Holdings Group Inc. grew its stake in shares of Duckhorn Portfolio by 32.5% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company’s stock valued at $33,183,000 after buying an additional 825,730 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Duckhorn Portfolio in the 2nd quarter valued at approximately $2,519,000. First Eagle Investment Management LLC grew its stake in shares of Duckhorn Portfolio by 226.3% in the 1st quarter. First Eagle Investment Management LLC now owns 358,972 shares of the company’s stock valued at $3,342,000 after buying an additional 248,972 shares in the last quarter. Raymond James & Associates bought a new stake in shares of Duckhorn Portfolio in the 2nd quarter valued at approximately $1,466,000. Finally, Vanguard Group Inc. grew its stake in shares of Duckhorn Portfolio by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 5,274,221 shares of the company’s stock valued at $49,103,000 after buying an additional 190,083 shares in 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.