Roots (TSE:ROOT) Trading 0.5% Higher – What’s Next?

Roots Co. (TSE:ROOT)’s stock price shot up 0.5% on Friday . The company traded as high as C$3.97 and last traded at C$3.97. 603 shares were traded during mid-day trading, a decline of 95% from the average session volume of 11,047 shares. The stock had previously closed at C$3.95.

Analysts Set New Price Targets

Separately, TD cut shares of Roots from a “buy” rating to a “hold” rating and upped their price objective for the company from C$4.00 to C$4.25 in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$4.13.

Roots Trading Up 0.5%

The firm has a market cap of C$155.61 million, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of -0.54 and a beta of -0.08. The business’s 50 day moving average price is C$3.84 and its 200-day moving average price is C$3.41. The company has a debt-to-equity ratio of 67.56, a quick ratio of 0.25 and a current ratio of 1.30.

Roots (TSE:ROOT) last issued its earnings results on Thursday, April 9th. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$115.46 million for the quarter. Roots had a net margin of 1.68% and a return on equity of 3.16%. Equities analysts expect that Roots Co. will post 0.29 EPS for the current year.

Roots Company Profile

Roots Corp provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; kids & baby clothing; and leather, linens, towels, and accessories. The company operates through two segments: Direct-To-Consumer, which accounts for majority revenue, and Partners & Other. The DTC segment sells products through the company’s corporate retail stores and e-commerce. The Partners & Other segment engage in the wholesale of Roots branded products to the company’s international operating partner, and it earns royalties on the retail sales of Roots-branded products.