DAVIDsTEA Inc. (NASDAQ:DTEA)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.20 and last traded at $4.20, with a volume of 45,978 shares. The stock had previously closed at $4.30.

Several equities analysts recently commented on DTEA shares. Zacks Investment Research cut shares of DAVIDsTEA from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets reissued a “market perform” rating and issued a $5.50 price target on shares of DAVIDsTEA in a report on Friday, June 9th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $6.42.

The stock’s 50-day moving average is $4.67 and its 200 day moving average is $4.67.

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

Several hedge funds and other institutional investors have recently bought and sold shares of DTEA. EdgePoint Investment Group Inc. bought a new stake in shares of DAVIDsTEA during the 2nd quarter worth about $7,156,000. Vivaldi Asset Management LLC acquired a new position in DAVIDsTEA in the 2nd quarter valued at about $5,383,000. PEAK6 Investments L.P. bought a new position in DAVIDsTEA in the 1st quarter valued at about $207,000. Finally, FMR LLC raised its holdings in DAVIDsTEA by 3.0% in the 1st quarter. FMR LLC now owns 3,101,945 shares of the company’s stock valued at $22,800,000 after acquiring an additional 89,917 shares during the period. Institutional investors own 16.84% 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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