DavidsTea Inc (NASDAQ:DTEA) – Analysts at William Blair decreased their Q2 2018 earnings per share (EPS) estimates for DavidsTea in a research note issued on Monday, according to Zacks Investment Research. William Blair analyst S. Zackfia now forecasts that the company will earn ($0.08) per share for the quarter, down from their prior estimate of ($0.07). William Blair also issued estimates for DavidsTea’s Q4 2018 earnings at $0.43 EPS.
A number of other equities analysts have also commented on DTEA. Zacks Investment Research lowered shares of DavidsTea from a “hold” rating to a “sell” rating in a research report on Friday, March 24th. BMO Capital Markets restated a “hold” rating and issued a $9.00 price objective on shares of DavidsTea in a research note on Thursday, April 13th. Finally, Lake Street Capital downgraded shares of DavidsTea from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $14.00 to $8.00 in a research note on Thursday, April 13th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.00.
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DavidsTea (NASDAQ:DTEA) traded up 1.18% during midday trading on Thursday, reaching $6.45. 55,718 shares of the company’s stock traded hands. The company’s 50-day moving average price is $7.15 and its 200 day moving average price is $8.35. DavidsTea has a 52 week low of $6.20 and a 52 week high of $14.30.
DavidsTea (NASDAQ:DTEA) last issued its quarterly earnings results on Wednesday, April 12th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by $0.07. DavidsTea had a return on equity of 8.29% and a net margin of 4.12%. The company had revenue of $86.30 million for the quarter, compared to analyst estimates of $85.74 million. During the same period last year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis.
Large investors have recently made changes to their positions in the company. Two Sigma Investments LP acquired a new stake in DavidsTea during the fourth quarter worth $191,000. Granite Investment Partners LLC increased its stake in DavidsTea by 6.5% in the third quarter. Granite Investment Partners LLC now owns 142,380 shares of the company’s stock worth $1,754,000 after buying an additional 8,722 shares in the last quarter. William Harris Investors Inc. increased its stake in 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 stake in DavidsTea during the fourth quarter worth $6,354,000. Institutional investors and hedge funds own 20.94% of the company’s stock.
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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