Shares of DavidsTea Inc. (NASDAQ:DTEA) were up 4.6% on Thursday . The stock traded as high as $14.30 and last traded at $13.79, with a volume of 98,991 shares trading hands. The stock had previously closed at $13.18.

Several analysts have recently weighed in on DTEA shares. Zacks Investment Research cut shares of DavidsTea from a “hold” rating to a “sell” rating in a research note on Monday, April 4th. BMO Capital Markets reissued a “market perform” rating and issued a $14.00 price target on shares of DavidsTea in a research note on Wednesday, March 23rd.

The stock’s market capitalization is $339.18 million. The firm’s 50 day moving average is $12.46 and its 200-day moving average is $11.39.

DavidsTea (NASDAQ:DTEA) last released its quarterly earnings data on Wednesday, June 8th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $44.50 million for the quarter. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Equities analysts forecast that DavidsTea Inc. will post $0.53 earnings per share for the current year.

A number of institutional investors have made changes to their positions in DTEA. I.G. Investment Management LTD. boosted its position in shares of DavidsTea by 1.1% in the fourth quarter. I.G. Investment Management LTD. now owns 146,200 shares of the company’s stock worth $1,811,000 after buying an additional 1,600 shares during the last quarter. Janus Capital Management boosted its position in shares of DavidsTea by 64.6% in the third quarter. Janus Capital Management now owns 299,949 shares of the company’s stock worth $4,697,000 after buying an additional 117,699 shares during the last quarter. CI Investments Inc. boosted its position in shares of DavidsTea by 11.8% in the fourth quarter. CI Investments Inc. now owns 390,000 shares of the company’s stock worth $4,832,000 after buying an additional 41,300 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of DavidsTea by 1.6% in the fourth quarter. Jennison Associates LLC now owns 880,679 shares of the company’s stock worth $10,912,000 after buying an additional 13,712 shares during the last quarter.

DavidsTea Inc is a beverage company, which offers various selection of loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts and accessories. The Company operates through two segments: Canada and the United States. The Company is engaged in the retail of tea and related tea-products.

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