BMO Capital Markets Analysts Give DavidsTea (DTEA) a $4.00 Price Target

BMO Capital Markets set a $4.00 price objective on DavidsTea (NASDAQ:DTEA) in a report published on Tuesday. The firm currently has a hold rating on the stock.

Separately, ValuEngine upgraded DavidsTea from a sell rating to a hold rating in a research note on Thursday, April 19th.

DTEA opened at $4.15 on Tuesday. DavidsTea has a 1 year low of $3.20 and a 1 year high of $6.45.

DavidsTea (NASDAQ:DTEA) last released its quarterly earnings results on Thursday, April 19th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.06. The business had revenue of $68.58 million during the quarter. DavidsTea had a negative return on equity of 0.45% and a negative net margin of 13.30%. sell-side analysts anticipate that DavidsTea will post -0.06 EPS for the current fiscal year.

An institutional investor recently bought a new position in DavidsTea stock. Renaissance Technologies LLC purchased a new stake in DavidsTea (NASDAQ:DTEA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 48,900 shares of the company’s stock, valued at approximately $191,000. Renaissance Technologies LLC owned 0.19% of DavidsTea at the end of the most recent reporting period. 12.13% of the stock is owned by hedge funds and other institutional investors.

DavidsTea Company Profile

DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. The company offers approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages. It provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories.

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