TD Downgrades Roots (TSE:ROOT) to Hold

Roots (TSE:ROOT) was downgraded by TD from a “buy” rating to a “hold” rating in a research note issued to investors on Friday,BayStreet.CA reports. They presently have a C$4.25 price objective on the stock, up from their previous price objective of C$4.00. TD’s price objective points to a potential upside of 6.52% from the company’s current price.

Roots Stock Up 0.3%

Shares of TSE:ROOT opened at C$3.99 on Friday. The stock has a fifty day simple moving average of C$3.40 and a two-hundred day simple moving average of C$3.30. The stock has a market capitalization of C$156.46 million, a price-to-earnings ratio of 33.25, a PEG ratio of -0.54 and a beta of -0.21. Roots has a 12-month low of C$2.07 and a 12-month high of C$4.05. The company has a current ratio of 1.30, a quick ratio of 0.25 and a debt-to-equity ratio of 50.12.

Roots (TSE:ROOT) last announced its quarterly earnings data on Thursday, April 9th. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$115.46 million during the quarter. Roots had a return on equity of 3.16% and a net margin of 1.68%. On average, research analysts anticipate that Roots will post 0.29 earnings per share for the current fiscal year.

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.