DAVIDsTEA Inc. (DTEA) Given Consensus Recommendation of “Hold” by Analysts
DAVIDsTEA Inc. (NASDAQ:DTEA) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $6.75.
A number of equities research analysts recently weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $5.50 price objective on shares of DAVIDsTEA in a report on Friday, June 9th. Zacks Investment Research raised DAVIDsTEA from a “sell” rating to a “hold” rating in a report on Monday, June 19th.
Large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in 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. Vivaldi Capital Management LLC bought a new stake in DAVIDsTEA during the first quarter worth $5,631,217,000. PEAK6 Investments L.P. bought a new stake in DAVIDsTEA during the first quarter worth $207,000. Vivaldi Asset Management LLC bought a new stake in DAVIDsTEA during the second quarter worth $5,383,000. Finally, EdgePoint Investment Group Inc. bought a new stake in DAVIDsTEA during the second quarter worth $7,156,000. 19.82% of the stock is currently owned by institutional investors.
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DAVIDsTEA (NASDAQ:DTEA) traded down 0.94% on Friday, reaching $5.25. The company’s stock had a trading volume of 2,070 shares. DAVIDsTEA has a 52 week low of $4.90 and a 52 week high of $13.85. The stock’s 50 day moving average is $5.52 and its 200-day moving average is $6.35.
DAVIDsTEA (NASDAQ:DTEA) last released its earnings results on Wednesday, June 7th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. DAVIDsTEA had a positive return on equity of 2.69% and a negative net margin of 2.57%. The business had revenue of $48.70 million for the quarter, compared to the consensus estimate of $46.11 million. During the same period last year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that DAVIDsTEA will post $0.06 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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