DAVIDsTEA Inc. (DTEA) Rating Lowered to Sell at Zacks Investment Research

DAVIDsTEA Inc. (NASDAQ:DTEA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “DAVIDsTEA INC. is a beverage company. The company offer proprietary loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts and accessories. It operates primarily in the United States and Canada. DAVIDsTEA INC. is headquartered in Montreal, Canada. “

Shares of DAVIDsTEA (NASDAQ:DTEA) opened at 4.30 on Tuesday. DAVIDsTEA has a 1-year low of $4.05 and a 1-year high of $12.88. The company has a 50-day moving average price of $4.55 and a 200 day moving average price of $4.55.

DAVIDsTEA (NASDAQ:DTEA) last announced its earnings results on Thursday, September 7th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $45.70 million for the quarter, compared to analyst estimates of $44.32 million. DAVIDsTEA had a positive return on equity of 1.51% and a negative net margin of 3.98%. The company’s quarterly 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) EPS. Equities research analysts predict that DAVIDsTEA will post $0.05 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/12/davidstea-inc-dtea-rating-lowered-to-sell-at-zacks-investment-research.html.

Several institutional investors and hedge funds have recently bought and sold shares of the company. PEAK6 Investments L.P. purchased a new position in shares of DAVIDsTEA in the 1st quarter worth about $207,000. FMR LLC boosted 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 purchasing an additional 89,917 shares in the last quarter. Vivaldi Asset Management LLC purchased a new position in shares of DAVIDsTEA in the 2nd quarter worth about $5,383,000. Finally, EdgePoint Investment Group Inc. purchased a new position in shares of DAVIDsTEA in the 2nd quarter worth about $7,156,000. Hedge funds and other institutional investors own 16.84% 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

According to Zacks, “DAVIDsTEA INC. is a beverage company. The company offer proprietary loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts and accessories. It operates primarily in the United States and Canada. DAVIDsTEA INC. is headquartered in Montreal, Canada. “

Shares of DAVIDsTEA (NASDAQ:DTEA) opened at 4.30 on Tuesday. DAVIDsTEA has a 1-year low of $4.05 and a 1-year high of $12.88. The company has a 50-day moving average price of $4.55 and a 200 day moving average price of $4.55.

DAVIDsTEA (NASDAQ:DTEA) last announced its earnings results on Thursday, September 7th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $45.70 million for the quarter, compared to analyst estimates of $44.32 million. DAVIDsTEA had a positive return on equity of 1.51% and a negative net margin of 3.98%. The company’s quarterly 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) EPS. Equities research analysts predict that DAVIDsTEA will post $0.05 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/12/davidstea-inc-dtea-rating-lowered-to-sell-at-zacks-investment-research.html.

Several institutional investors and hedge funds have recently bought and sold shares of the company. PEAK6 Investments L.P. purchased a new position in shares of DAVIDsTEA in the 1st quarter worth about $207,000. FMR LLC boosted 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 purchasing an additional 89,917 shares in the last quarter. Vivaldi Asset Management LLC purchased a new position in shares of DAVIDsTEA in the 2nd quarter worth about $5,383,000. Finally, EdgePoint Investment Group Inc. purchased a new position in shares of DAVIDsTEA in the 2nd quarter worth about $7,156,000. Hedge funds and other institutional investors own 16.84% 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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