Shares of DAVIDsTEA Inc. (NASDAQ:DTEA) have been given an average recommendation of “Hold” by the six research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $6.75.
A number of equities research analysts have issued reports on the stock. Lake Street Capital lowered shares of DAVIDsTEA from a “buy” rating to a “hold” rating and reduced their target price for the stock from $14.00 to $8.00 in a report on Thursday, April 13th. BMO Capital Markets reiterated a “hold” rating and set a $9.00 target price on shares of DAVIDsTEA in a report on Thursday, April 13th. Finally, Zacks Investment Research upgraded shares of DAVIDsTEA from a “sell” rating to a “hold” rating in a report on Monday, June 19th.
DAVIDsTEA (NASDAQ DTEA) opened at 5.65 on Tuesday. The company has a 50-day moving average of $5.77 and a 200-day moving average of $6.47. DAVIDsTEA has a 52 week low of $4.90 and a 52 week high of $13.95.
DAVIDsTEA (NASDAQ:DTEA) last released its earnings results on Wednesday, June 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $48.70 million for the quarter, compared to analyst estimates of $46.11 million. DAVIDsTEA had a negative net margin of 2.57% and a positive return on equity of 2.69%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. On average, analysts anticipate that DAVIDsTEA will post $0.07 earnings per share for the current fiscal year.
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Several large investors have recently made changes to their positions in DTEA. Vivaldi Capital Management LLC purchased a new stake in shares of DAVIDsTEA during the first quarter worth $5,631,217,000. FMR LLC raised its stake in shares of DAVIDsTEA by 3.0% in the first quarter. FMR LLC now owns 3,101,945 shares of the company’s stock worth $22,800,000 after buying an additional 89,917 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of DAVIDsTEA during the fourth quarter worth $191,000. Finally, PEAK6 Investments L.P. purchased a new stake in shares of DAVIDsTEA during the first quarter worth $207,000. Institutional investors and hedge funds own 19.82% of the company’s stock.
DAVIDsTEA Inc is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The Company’s segments include Canada and the U.S. The Company is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com.
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