Roots (TSE:ROOT) Trading 1% Higher – Still a Buy?

Roots Co. (TSE:ROOT) shares were up 1% on Friday . The company traded as high as C$3.93 and last traded at C$3.93. Approximately 4,495 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 11,697 shares. The stock had previously closed at C$3.89.

Wall Street Analyst Weigh In

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

Roots Trading Up 1.0%

The firm’s 50 day moving average price is C$3.64 and its 200-day moving average price is C$3.35. The stock has a market cap of C$154.04 million, a P/E ratio of 32.75, a P/E/G ratio of -0.54 and a beta of -0.21. The company has a debt-to-equity ratio of 67.56, a current ratio of 1.30 and a quick ratio of 0.25.

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 firm 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%. As a group, equities research analysts forecast that Roots Co. will post 0.29 earnings per share for the current year.

About Roots

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.