Roots (RROTF) to Release Quarterly Earnings on Wednesday

Roots (OTCMKTS:RROTF) is anticipated to announce its resultson Wednesday, September 9th. Analysts expect Roots to announce earnings of ($0.0570) per share and revenue of $30.3540 million for the quarter.

Roots Stock Performance

Shares of OTCMKTS RROTF opened at $2.63 on Tuesday. Roots has a 12-month low of $1.96 and a 12-month high of $3.23. The firm has a 50 day moving average of $2.58 and a 200 day moving average of $2.66.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RROTF. TD Securities reissued a “hold” rating on shares of Roots in a research report on Monday, June 8th. TD Cowen lowered Roots to a “sell” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

About Roots

Roots Corporation is a Canadian apparel and lifestyle brand known for its premium casual wear, leather goods and accessories. Founded in 1973 by Michael Budman and Don Green, the company built its reputation on high-quality craftsmanship and understated design. Over time, Roots has expanded its product offerings to include clothing for men, women and youth, as well as footwear, leather handbags, travel bags and small leather accessories such as wallets and belts.

Operating a vertically integrated model, Roots oversees design, sourcing, manufacturing and distribution to maintain control over quality and costs.