DavidsTea Inc (DTEA) Receives Consensus Rating of “Hold” from Brokerages
Shares of DavidsTea Inc (NASDAQ:DTEA) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm. Three investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $8.50.
A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and set a $9.00 price objective on shares of DavidsTea in a report on Thursday, April 13th. Lake Street Capital cut DavidsTea from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $14.00 to $8.00 in a report on Thursday, April 13th. Finally, Zacks Investment Research cut DavidsTea from a “hold” rating to a “sell” rating in a report on Friday, March 24th.
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A number of institutional investors have recently made changes to their positions in DTEA. Two Sigma Investments LP acquired a new position in shares of DavidsTea during the fourth quarter worth $191,000. William Harris Investors Inc. raised its position in shares of DavidsTea by 106.1% in the fourth quarter. William Harris Investors Inc. now owns 726,074 shares of the company’s stock worth $4,974,000 after buying an additional 373,827 shares in the last quarter. Finally, Osmium Partners LLC acquired a new position in shares of DavidsTea during the fourth quarter worth $6,354,000. Institutional investors and hedge funds own 20.94% of the company’s stock.
Shares of DavidsTea (NASDAQ:DTEA) traded up 1.60% on Monday, hitting $6.35. The company had a trading volume of 17,206 shares. The company has a 50 day moving average price of $6.95 and a 200 day moving average price of $7.85. DavidsTea has a 1-year low of $6.03 and a 1-year high of $14.30.
DavidsTea (NASDAQ:DTEA) last issued its quarterly earnings data on Wednesday, April 12th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $85.74 million. DavidsTea had a return on equity of 8.29% and a net margin of 4.12%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. Equities research analysts predict that DavidsTea will post $0.07 EPS for the current year.
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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