Insider Buying: Roots Corp (ROOT) Director Acquires 25,000 Shares of Stock

Roots Corp (TSE:ROOT) Director James Alan Gabel bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, January 15th. The stock was acquired at an average cost of C$11.32 per share, for a total transaction of C$283,000.00.

Roots Corp (TSE ROOT) traded up C$0.35 during trading hours on Friday, reaching C$11.68. The company had a trading volume of 268,797 shares, compared to its average volume of 75,790. The stock has a market capitalization of $472.28 and a price-to-earnings ratio of 33.37. Roots Corp has a 52-week low of C$8.55 and a 52-week high of C$11.71.

ROOT has been the topic of several recent analyst reports. TD Securities raised Roots from a “buy” rating to an “action list buy” rating in a report on Monday, November 27th. Jefferies Group reissued a “buy” rating and issued a C$16.00 target price on shares of Roots in a report on Monday, November 13th. Scotiabank reissued an “outperform” rating and issued a C$14.50 target price on shares of Roots in a report on Thursday, December 7th. BMO Capital Markets reissued an “outperform” rating and issued a C$13.00 target price on shares of Roots in a report on Monday, November 13th. Finally, Canaccord Genuity reissued a “buy” rating and issued a C$13.00 target price on shares of Roots in a report on Monday, November 13th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Roots has an average rating of “Buy” and a consensus price target of C$14.17.

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About Roots

Roots Corp is a Canada-based retailer within apparel industry. It offers leather goods, athletic wear and accessories. Its products comprise leather bags, handbags, purses, briefcases, footwear, as well as men’s and women’s clothing, including sweaters, hoodies, sweats, watches, athletic t-shirts, yoga wear, accessories, among others.

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