Roots (TSE:ROOT) Trading Down 3.8% – Time to Sell?

Roots Co. (TSE:ROOT) was down 3.8% during trading on Friday . The stock traded as low as C$3.02 and last traded at C$3.02. Approximately 8,704 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 7,628 shares. The stock had previously closed at C$3.14.

Analyst Ratings Changes

Separately, TD Securities lifted their target price on shares of Roots from C$3.75 to C$4.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$4.00.

Roots Stock Performance

The stock has a market cap of C$118.43 million, a price-to-earnings ratio of -3.78, a PEG ratio of -0.54 and a beta of 0.53. The company has a debt-to-equity ratio of 69.31, a current ratio of 1.31 and a quick ratio of 0.25. The firm has a fifty day moving average of C$3.24 and a 200 day moving average of C$3.21.

Roots (TSE:ROOT) last released its quarterly earnings data on Wednesday, December 10th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$71.47 million for the quarter. Roots had a return on equity of 1.58% and a net margin of 1.11%. As a group, sell-side analysts forecast that Roots Co. will post 0.29 EPS for the current year.

Roots Company Profile

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.