DavidsTea (NASDAQ:DTEA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, January 9th.
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. “
Separately, BMO Capital Markets set a $4.00 price target on DavidsTea and gave the stock a “hold” rating in a research report on Thursday, December 14th.
Shares of DavidsTea (NASDAQ DTEA) opened at $3.86 on Tuesday. DavidsTea has a 52 week low of $3.65 and a 52 week high of $7.95. The firm has a market capitalization of $100.95 and a PE ratio of -12.06.
DavidsTea (NASDAQ:DTEA) last announced its quarterly earnings results on Thursday, December 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01.
A hedge fund recently bought a new stake in DavidsTea stock. EdgePoint Investment Group Inc. bought a new position in shares of DavidsTea Inc (NASDAQ:DTEA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,223,271 shares of the company’s stock, valued at approximately $7,156,000. Hedge funds and other institutional investors own 11.65% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/02/02/davidstea-dtea-lowered-to-sell-at-zacks-investment-research.html.
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.
Get a free copy of the Zacks research report on DavidsTea (DTEA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DavidsTea Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DavidsTea and related companies with MarketBeat.com's FREE daily email newsletter.