DAVIDsTEA Inc. (NASDAQ:DTEA) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.75.
Separately, Zacks Investment Research cut shares of DAVIDsTEA from a “hold” rating to a “sell” rating in a report on Tuesday.
Shares of DAVIDsTEA (NASDAQ DTEA) remained flat at $4.30 during mid-day trading on Friday. 3,582 shares of the stock traded hands. DAVIDsTEA has a 52-week low of $4.05 and a 52-week high of $12.88. The company’s 50-day moving average price is $4.55 and its 200-day moving average price is $4.55.
DAVIDsTEA (NASDAQ:DTEA) last announced its quarterly earnings results on Thursday, September 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. DAVIDsTEA had a negative net margin of 3.98% and a positive return on equity of 1.51%. The company had revenue of $45.70 million for the quarter, compared to analysts’ expectations of $44.32 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. DAVIDsTEA’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts anticipate that DAVIDsTEA will post $0.05 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of DTEA. PEAK6 Investments L.P. bought a new stake in shares of DAVIDsTEA during the 1st quarter valued at $207,000. Vivaldi Asset Management LLC bought a new stake in shares of DAVIDsTEA during the 2nd quarter valued at $5,383,000. EdgePoint Investment Group Inc. bought a new stake in shares of DAVIDsTEA during the 2nd quarter valued at $7,156,000. Finally, FMR LLC raised its position in shares of DAVIDsTEA by 3.0% during the 1st quarter. FMR LLC now owns 3,101,945 shares of the company’s stock valued at $22,800,000 after purchasing an additional 89,917 shares during the period. Institutional investors own 16.84% 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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