DAVIDsTEA Inc. (NASDAQ:DTEA) has received an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $6.75.

Separately, Zacks Investment Research upgraded shares of DAVIDsTEA from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Thursday, July 13th.

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Several large investors have recently added to or reduced their stakes in DTEA. Vivaldi Asset Management LLC acquired a new position in shares of DAVIDsTEA during the 2nd quarter worth $5,383,000. EdgePoint Investment Group Inc. acquired a new position in shares of DAVIDsTEA during the 2nd quarter worth $7,156,000. Finally, FMR LLC raised its stake in shares of DAVIDsTEA by 3.0% during the 1st 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. 16.84% of the stock is owned by institutional investors and hedge funds.

Shares of DAVIDsTEA (NASDAQ DTEA) opened at $4.18 on Wednesday. The firm has a market cap of $120.86 million and a PE ratio of 59.29. DAVIDsTEA has a fifty-two week low of $4.00 and a fifty-two week high of $10.95.

DAVIDsTEA (NASDAQ:DTEA) last issued its earnings results on Thursday, September 7th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.02. The company had revenue of $45.70 million for the quarter, compared to analyst estimates of $44.32 million. DAVIDsTEA had a negative net margin of 3.98% and a positive return on equity of 1.51%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. analysts forecast that DAVIDsTEA will post 0.05 earnings per share for the current fiscal year.

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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