DAVIDsTEA Inc. (NASDAQ:DTEA) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $4.20 and last traded at $4.20, with a volume of 45,978 shares trading hands. The stock had previously closed at $4.30.
A number of research firms have commented on DTEA. Zacks Investment Research lowered shares of DAVIDsTEA from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets restated a “market perform” rating and issued a $5.50 price objective on shares of DAVIDsTEA in a research note on Friday, June 9th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. DAVIDsTEA presently has a consensus rating of “Hold” and an average target price of $6.42.
The firm’s 50 day moving average is $4.62 and its 200 day moving average is $4.62.
DAVIDsTEA (NASDAQ:DTEA) last issued its earnings results on Thursday, September 7th. The company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.02. The company had revenue of $45.70 million for the quarter, compared to analysts’ expectations of $44.32 million. DAVIDsTEA had a negative net margin of 3.98% and a positive return on equity of 1.51%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) earnings per share. On average, equities analysts predict that DAVIDsTEA Inc. will post $0.05 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. PEAK6 Investments L.P. acquired a new stake in shares of DAVIDsTEA in the 1st quarter worth about $207,000. Vivaldi Asset Management LLC acquired a new stake in shares of DAVIDsTEA in the 2nd quarter worth about $5,383,000. EdgePoint Investment Group Inc. acquired a new stake in shares of DAVIDsTEA in the 2nd quarter worth about $7,156,000. Finally, FMR LLC increased its holdings in shares of DAVIDsTEA by 3.0% in the 1st quarter. FMR LLC now owns 3,101,945 shares of the company’s stock worth $22,800,000 after acquiring an additional 89,917 shares during the period. 16.84% of the stock is currently owned by institutional investors and hedge funds.
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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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