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Roots Corporation ( (TSE:ROOT) ) has shared an announcement.
Roots Corporation has entered a 10-year strategic distribution partnership with Metro Supply Chain, Canada’s leading privately owned third-party logistics provider, under which Roots will shift its distribution operations from a company-run facility to Metro’s Ontario site. The long-term deal is intended to leverage Metro Supply Chain’s technology-enabled, data-driven warehousing, fulfillment and automation capabilities to enhance Roots’ omnichannel customer experience, improve logistics efficiency and scalability, and support the lifestyle brand’s global growth ambitions and service to its international customer base.
The most recent analyst rating on (TSE:ROOT) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Roots Corporation stock, see the TSE:ROOT Stock Forecast page.
Spark’s Take on TSE:ROOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:ROOT is a Neutral.
The score is held back primarily by weak profitability in the financial statements and only neutral technicals. This is partly offset by a solid earnings-call backdrop showing revenue growth, margin expansion, improving EBITDA, and declining net debt. Valuation is less supportive given the negative P/E and no dividend yield provided.
To see Spark’s full report on TSE:ROOT stock, click here.
More about Roots Corporation
Roots Corporation is a Canadian global lifestyle brand founded in 1973, specializing in women’s, men’s, children’s and gender-free apparel, leather goods, footwear and accessories. From its origins in a northern Canada cabin, the company has grown to over 100 corporate retail stores in Canada, two stores in the United States, a broad e-commerce presence serving international markets, and more than 100 partner-operated stores in Asia, including a dedicated storefront on Tmall in China, complemented by business-to-business wholesale and brand licensing activities.
Average Trading Volume: 4,197
Technical Sentiment Signal: Buy
Current Market Cap: C$127.4M
For detailed information about ROOT stock, go to TipRanks’ Stock Analysis page.