Roots (TSE:ROOT) Trading Up 0.3% - Should You Buy?

Key Points

• Roots Co. (TSE:ROOT) saw a minor increase of 0.3% in stock price, trading at C$3.28 amid significantly lower trading volume of 308 shares.
• TD Securities has increased the stock's target price from C$3.75 to C$4.00, maintaining a "buy" rating, which aligns with the consensus rating for the stock.
• The company's financial metrics show a debt-to-equity ratio of 69.31 and a market capitalization of C$129.93 million, indicating potential volatility in its financial health.

Roots Co. (TSE:ROOT - Get Free Report) was up 0.3% during mid-day trading on Friday . The company traded as high as C$3.28 and last traded at C$3.28. Approximately 308 shares changed hands during trading, a decline of 96% from the average daily volume of 8,326 shares. The stock had previously closed at C$3.27.

Wall Street Analyst Weigh In

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 research report on Thursday, September 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$4.00.

Roots Stock Performance

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 market capitalization of C$129.93 million, a PE ratio of -4.15, a price-to-earnings-growth ratio of -0.54 and a beta of 0.56. The stock has a 50-day moving average price of C$3.26 and a 200-day moving average price of C$3.07.

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.

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