Roots (TSE:ROOT) Shares Up 0.3% – Should You Buy?

Roots Co. (TSE:ROOT)’s share price shot up 0.3% on Friday . The company traded as high as C$3.30 and last traded at C$3.30. 3,209 shares were traded during trading, a decline of 60% from the average session volume of 8,090 shares. The stock had previously closed at C$3.29.

Analysts Set New Price Targets

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

Roots Stock Performance

The business’s fifty day moving average price is C$3.28 and its two-hundred day moving average price is C$3.18. The company has a debt-to-equity ratio of 69.31, a quick ratio of 0.25 and a current ratio of 1.31. The stock has a market capitalization of C$130.72 million, a P/E ratio of -4.18, a P/E/G ratio of -0.54 and a beta of 0.64.

Roots (TSE:ROOT) last released its quarterly earnings results on Wednesday, September 10th. The company reported C($0.11) EPS for the quarter. Roots had a return on equity of 1.58% and a net margin of 1.11%.The company had revenue of C$50.77 million during the quarter. As a group, sell-side analysts forecast that Roots Co. will post 0.29 earnings per share for the current 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.