Shares of DAVIDsTEA Inc. (NASDAQ:DTEA) have earned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $6.75.

Separately, Zacks Investment Research lowered shares of DAVIDsTEA from a “buy” rating to a “hold” rating in a research report on Friday, July 14th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in 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 acquiring an additional 89,917 shares during the last quarter. Vivaldi Asset Management LLC bought a new position in shares of DAVIDsTEA in the 2nd quarter worth about $5,383,000. Finally, EdgePoint Investment Group Inc. bought a new position in shares of DAVIDsTEA in the 2nd quarter worth about $7,156,000. Hedge funds and other institutional investors own 16.84% of the company’s stock.

DAVIDsTEA (NASDAQ:DTEA) last released its quarterly earnings data on Thursday, September 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $44.32 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year.

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DAVIDsTEA Company Profile

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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