DAVIDsTEA Inc. (NASDAQ:DTEA) has received an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have covered 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. 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. Vivaldi Asset Management LLC acquired a new position in shares of DAVIDsTEA during the 2nd quarter worth $5,383,000. Finally, EdgePoint Investment Group Inc. acquired a new position in shares of DAVIDsTEA during the 2nd quarter worth $7,156,000. 16.84% of the stock is owned by institutional investors and hedge funds.

DAVIDsTEA (DTEA) traded down $0.02 during mid-day trading on Wednesday, hitting $4.15. 5,398 shares of the stock traded hands, compared to its average volume of 19,584. DAVIDsTEA has a fifty-two week low of $4.00 and a fifty-two week high of $10.95. The stock has a market cap of $120.31, a P/E ratio of 59.64 and a beta of 0.81.

DAVIDsTEA (NASDAQ:DTEA) last posted its quarterly earnings data on Thursday, September 7th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $44.32 million. During the same period last year, the firm posted ($0.09) EPS. DAVIDsTEA’s quarterly revenue was up 11.2% on a year-over-year basis. analysts predict that DAVIDsTEA will post 0.05 earnings per share for the current year.

About DAVIDsTEA

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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