Roots (TSE:ROOT) Announces Earnings Results

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

Roots Trading Down 1.0%

Shares of ROOT opened at C$3.89 on Friday. The business’s 50-day moving average price is C$3.64 and its 200-day moving average price is C$3.35. Roots has a twelve month low of C$2.71 and a twelve month high of C$4.05. The stock has a market cap of C$152.47 million, a PE ratio of 32.42, a P/E/G ratio of -0.54 and a beta of -0.21. The company has a quick ratio of 0.25, a current ratio of 1.30 and a debt-to-equity ratio of 67.56.

Analysts Set New Price Targets

Separately, TD cut shares of Roots from a “buy” rating to a “hold” rating and raised their price target for the company from C$4.00 to C$4.25 in a research 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 company. Based on data from MarketBeat, the stock presently 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.