|Bid||2.0000 x 0|
|Ask||2.0100 x 0|
|Day's Range||2.0000 - 2.0600|
|52 Week Range||2.0000 - 5.7000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||51.54|
|Earnings Date||Sep. 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.81|
Taking the occasional loss comes part and parcel with investing on the stock market. Anyone who held Roots Corporation...
TORONTO, Sept. 17, 2019 /CNW/ - Roots ("Roots," "Roots Canada" or the "Company") (TSX:ROOT.TO - News) a premium outdoor lifestyle brand, announces the re-launch of its beloved TUFFTM Boot, including a limited-edition, capsule collection designed in collaboration with NBA Champion and Toronto Raptor, Fred VanVleet. Roots x Fred VanVleet is available in select Roots stores and online at roots.com September 18th.
TORONTO , Sept. 16, 2019 /CNW/ - Roots ("Roots Canada" or the "Company") (TSX: ROOT), today announced that the Company will present at the Scotiabank Back-to-School Conference 2019 ...
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TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,611.14, up 73.80 points.)Encana Corp. (TSX:ECA). Energy. Up 10 cents, or 1.62 per cent, to $6.27 on 9.1 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 1.6 per cent, to $1.91 on 7.4 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up six cents, or 1.13 per cent, to $5.37 on 6.8 million shares.McCoy Global Inc. (TSX:MCB). Energy. Up 13 cents, or 28.89 per cent, to 58 cents on 6.7 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 26 cents, or 3.15 per cent, to $8.51 on 6.6 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up one cent, or 0.54 per cent, to $1.87 on 6.1 million shares. Companies in the news:SNC-Lavalin Group Inc. (TSX:SNC). Up 81 cents or 4.5 per cent to $18.73. SNC-Lavalin Group Inc. shares climbed more than 15 per cent since Monday after a regulatory filing showed Jarislowsky Fraser Ltd. became one of the engineering giant's top three shareholders. The stock price jumped Wednesday to the highest point in six weeks for SNC, which has seen its stock price fall by about 60 per cent since the start of the year. Investment management firm Jarislowsky bought up 17.9 million shares in late August to hit 18.97 million total, boosting its stake in SNC to 10.8 per cent.Roots Corp. (TSX:ROOT). Down 36 cents or 13.1 per cent to $2.38. Roots Corp. shares slipped after the chief executive said lacklustre foot traffic and a challenging move to a new distribution centre weighed on its most recent quarterly results that missed expectations. Some of the traffic slowdown came from weather-related issues in certain markets, Jim Gabel said, noting the conversion rate for consumers making purchases things in store rather than just browsing also dropped in some outlets. The company lost $61.7 million for the quarter, exceeding analyst forecasts and up from nearly $60.2 million a year earlier. The Canadian Press
Roots saw its stock fall as much as 17 per cent on Wednesday as the Canadian retailer lowered its end-of-year sales target following slow traffic and distribution issues that left some shelves empty.
Roots Corp. shares slipped more than 15 per cent after the chief executive said lacklustre foot traffic and a challenging move to a new distribution centre weighed on its most recent quarterly results that missed expectations."Store traffic continues to be a challenge," said CEO Jim Gabel, adding weekday sales are not hitting company targets.Some of the traffic slowdown came from weather-related issues in certain markets, he said, noting the conversion rate for consumers making purchases things in store rather than just browsing also dropped in some outlets.Gabel also pointed to challenges moving the company into its new distribution centre, which involved implementing new warehouse management systems and integrating more than 20 information-technology platforms. The move prompted some delays in the flow of products to stores, despite testing of the new system before it went live."Until you go into a live environment, you start pressure testing it with meaningful volumes, that's when you start to see some potential challenges," Gabel said.Right now, the centre is operating is at 60 per cent of where Roots wants its capacity to be, he said, and the company is doing taking steps that include incurring overtime costs and adding a second shift at the centre.As the company moves into the fourth quarter, it expects to be around 80 per cent to 85 per cent capacity, he said, reaching close to 100 per cent in the latter part of the quarter. However, he noted, even the beginning of the fourth quarter will be at a level beyond last year's at those rates.Comparable sales, a key retail metric, fell 2.9 per cent in the company's second quarter due to the decline in store traffic and product delays.That was partially offset by better than expected e-commerce sales and benefits from store relocations and renovations as overall sales totalled nearly $61.7 million for the quarter, up from nearly $60.2 million in the same quarter last year.The company's second-quarter loss amounted to 23 cents per share for the 13-week period ended Aug. 3 compared with a loss of nearly $4.1 million or 10 cents per share a year earlier.On an adjusted basis, Roots lost 15 cents per share compared with an adjusted loss of six cents per share in the same quarter last year.Analysts on average had expected a loss of 11 cents per share, according to financial markets data firm Refinitiv.Roots expects sales for its 2019 financial year to be at the low end of, or fall slightly below, its previously disclosed target range of $358 million to $375 million.The lowered outlook comes partly from macroeconomic and geopolitical challenges in the three Asian markets where Roots operates — China, Hong Kong and Taiwan, said Gabel. The company is already seeing an impact on the business and expects it will continue throughout the remainder of its 2019 financial year.The company also said its adjusted earnings before interest, taxes, depreciation and amortization and its adjusted net income will fall short of its previous estimates of $46 million to $50 million and $20 million to $24 million, respectively.Roots shares fell 43 cents or 15.69 per cent to $2.31 in late afternoon trading on the Toronto Stock Exchange. They hit a low of $2.28 earlier in the day.Follow @AleksSagan on Twitter. Companies in this story: (TSX:ROOT)Aleksandra Sagan, The Canadian Press
TORONTO , Sept. 11, 2019 /CNW/ - Roots ("Roots," "Roots Canada" or the "Company") (TSX: ROOT), a premium outdoor lifestyle brand, today announced its financial results for ...
TORONTO, Sept. 3, 2019 /CNW/ - Roots ("Roots," "Roots Canada" or the "Company") (TSX:ROOT.TO - News) a premium outdoor lifestyle brand, announces the launch of the second limited-edition Roots x Shawn Mendes capsule collection. The new collection, designed in collaboration with Toronto-born multi-platinum singer/songwriter, Shawn Mendes, will be available at select Roots stores across Canada and a downtown Toronto pop-up from September 4 to 6.
Today we'll evaluate Roots Corporation (TSE:ROOT) to determine whether it could have potential as an investment idea...
Company to issue its Fiscal 2019 second quarter results press release on Wednesday, September 11, 2019 at 7:00 a.m. ET with a conference call to follow at 8:00 a.m. ET TORONTO , Aug. 21, 2019 /CNW/ - ...
TORONTO, Aug. 6, 2019 /CNW/ - Roots ("Roots," "Roots Canada") (TSX:ROOT.TO - News), a premium outdoor lifestyle brand, today announces that Meghan Roach, Managing Director at Searchlight Capital Partners, has been appointed Interim Chief Financial Officer, effective immediately. "We are pleased with how our CFO recruitment process is progressing," said Jim Gabel, President and CEO, Roots. Ms. Roach is joining Roots on an interim basis following the previously announced resignation of the Company's Chief Financial Officer, effective August 9, 2019.
If you want to know who really controls Roots Corporation (TSE:ROOT), then you'll have to look at the makeup of its...
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Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) and Roots Corporation (TSX:ROOT) have both experienced turbulence over the past year, and only one is worth buying today.