Roots (TSE:ROOT) Releases Earnings Results

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

Roots Stock Performance

Shares of Roots stock traded down C$0.04 during trading hours on Thursday, reaching C$3.89. The company had a trading volume of 1,601 shares, compared to its average volume of 11,784. Roots has a one year low of C$2.71 and a one year high of C$4.05. The business has a fifty day simple moving average of C$3.62 and a 200 day simple moving average of C$3.34. 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 firm has a market cap of C$152.47 million, a PE ratio of 32.42, a price-to-earnings-growth ratio of -0.54 and a beta of -0.21.

Analysts Set New Price Targets

Separately, TD downgraded Roots from a “buy” rating to a “hold” rating and raised their target price for the stock 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 company. According to MarketBeat, the stock currently has a consensus 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.