Roots (TSE:ROOT) Releases Earnings Results

Roots (TSE:ROOT) released its quarterly earnings data on Thursday. The company reported C($0.16) earnings per share (EPS) for the quarter, FiscalAI reports. Roots had a net margin of 1.68% and a return on equity of 3.16%. The firm had revenue of C$45.37 million during the quarter.

Roots Trading Up 1.0%

TSE:ROOT opened at C$3.93 on Friday. Roots has a one year low of C$2.75 and a one year high of C$4.05. The company has a debt-to-equity ratio of 67.56, a current ratio of 1.30 and a quick ratio of 0.25. The company’s 50-day simple moving average is C$3.64 and its 200 day simple moving average is C$3.35. The firm has a market capitalization of C$154.04 million, a P/E ratio of 32.75, a PEG ratio of -0.54 and a beta of -0.21.

Analysts Set New Price Targets

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

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.