Fmr LLC cut its stake in shares of DAVIDsTEA Inc. (NASDAQ:DTEA) by 41.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,818,910 shares of the company’s stock after selling 1,283,035 shares during the quarter. Fmr LLC’s holdings in DAVIDsTEA were worth $10,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Vivaldi Asset Management LLC bought a new stake in shares of DAVIDsTEA in the 2nd quarter worth approximately $5,383,000. 16.84% of the stock is currently owned by institutional investors.

WARNING: “DAVIDsTEA Inc. (DTEA) Shares Sold by Fmr LLC” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at

Separately, Zacks Investment Research lowered shares of DAVIDsTEA from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. DAVIDsTEA has a consensus rating of “Hold” and a consensus price target of $6.42.

Shares of DAVIDsTEA Inc. (DTEA) opened at 4.15 on Tuesday. DAVIDsTEA Inc. has a one year low of $4.00 and a one year high of $11.20. The stock has a 50 day moving average of $4.43 and a 200-day moving average of $4.43.

DAVIDsTEA (NASDAQ:DTEA) last posted its earnings results on Thursday, September 7th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The firm had revenue of $45.70 million during the quarter, compared to the consensus estimate 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. On average, analysts forecast that DAVIDsTEA Inc. will post $0.05 EPS for the current year.


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,

Institutional Ownership by Quarter for DAVIDsTEA (NASDAQ:DTEA)

Receive News & Ratings for DAVIDsTEA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DAVIDsTEA Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.