BMO Capital Markets Analysts Give DAVIDsTEA (DTEA) a $4.00 Price Target

DAVIDsTEA (NASDAQ:DTEA) has been assigned a $4.00 price target by stock analysts at BMO Capital Markets in a research report issued on Thursday. The brokerage presently has a “hold” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 2.56% from the stock’s current price.

Separately, Zacks Investment Research lowered DAVIDsTEA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th.

Shares of DAVIDsTEA (NASDAQ:DTEA) traded down $0.20 during mid-day trading on Thursday, reaching $3.90. The company’s stock had a trading volume of 14,157 shares, compared to its average volume of 60,885. DAVIDsTEA has a 52-week low of $3.75 and a 52-week high of $7.95.

An institutional investor recently bought a new position in DAVIDsTEA stock. Vivaldi Asset Management LLC purchased a new stake in shares of DAVIDsTEA Inc. (NASDAQ:DTEA) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 920,230 shares of the company’s stock, valued at approximately $5,383,000. Institutional investors own 10.48% of the company’s stock.

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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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