Roots Corp (ROOT) Director James Alan Gabel Purchases 25,000 Shares

Roots Corp (TSE:ROOT) Director James Alan Gabel purchased 25,000 shares of the firm’s stock in a transaction on Monday, January 15th. The shares were purchased at an average price of C$11.32 per share, for a total transaction of C$283,000.00.

Shares of Roots Corp (ROOT) traded up C$0.35 during midday trading on Friday, hitting C$11.68. The stock had a trading volume of 268,797 shares, compared to its average volume of 75,790. The firm has a market capitalization of $472.28 and a PE ratio of 33.37. Roots Corp has a twelve month low of C$8.55 and a twelve month high of C$11.71.

Several analysts have recently issued reports on ROOT shares. TD Securities upgraded Roots from a “buy” rating to an “action list buy” rating in a research note on Monday, November 27th. Jefferies Group reiterated a “buy” rating and issued a C$16.00 price objective on shares of Roots in a research note on Monday, November 13th. Scotiabank reiterated an “outperform” rating and issued a C$14.50 price objective on shares of Roots in a research note on Thursday, December 7th. BMO Capital Markets reiterated an “outperform” rating and issued a C$13.00 price objective on shares of Roots in a research note on Monday, November 13th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a C$13.00 price objective on shares of Roots in a research note on Monday, November 13th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Roots has an average rating of “Buy” and a consensus target price of C$14.17.

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About Roots

Roots Corp is a Canada-based retailer within apparel industry. It offers leather goods, athletic wear and accessories. Its products comprise leather bags, handbags, purses, briefcases, footwear, as well as men’s and women’s clothing, including sweaters, hoodies, sweats, watches, athletic t-shirts, yoga wear, accessories, among others.

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