DavidsTea Inc (NASDAQ:DTEA) – Research analysts at William Blair lowered their Q4 2018 EPS estimates for DavidsTea in a report released on Thursday. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.35.
A number of other equities research analysts have also commented on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $5.50 price target on shares of DavidsTea in a report on Friday. Lake Street Capital lowered shares of DavidsTea from a “buy” rating to a “hold” rating and lowered their price target for the company from $14.00 to $8.00 in a report on Thursday, April 13th. Finally, Zacks Investment Research lowered shares of DavidsTea from a “hold” rating to a “sell” rating in a report on Friday, March 24th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $7.83.
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DavidsTea (DTEA) opened at 6.15 on Friday. The company’s 50-day moving average is $6.23 and its 200-day moving average is $7.01. DavidsTea has a 52 week low of $5.50 and a 52 week high of $14.30.
DavidsTea (NASDAQ:DTEA) last announced its earnings results on Wednesday, June 7th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. DavidsTea had a net margin of 2.37% and a return on equity of 6.25%. The business had revenue of $48.70 million during the quarter, compared to the consensus estimate of $46.11 million. During the same quarter last year, the firm earned $0.06 earnings per share. DavidsTea’s quarterly revenue was up 9.4% on a year-over-year basis.
Large investors have recently bought and sold shares of the stock. PEAK6 Investments L.P. purchased a new stake in DavidsTea during the first quarter worth approximately $207,000. Geode Capital Management LLC raised its stake in DavidsTea by 41.1% in the first quarter. Geode Capital Management LLC now owns 16,866 shares of the company’s stock worth $123,000 after buying an additional 4,910 shares in the last quarter. Vivaldi Capital Management LLC purchased a new stake in DavidsTea during the first quarter worth approximately $5,631,217,000. FMR LLC raised its stake in DavidsTea by 3.0% in the first 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 in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in DavidsTea during the fourth quarter worth approximately $191,000. Institutional investors 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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