Richelieu Hardware Ltd. (TSE:RCH – Get Free Report) insider Guy Grenier sold 2,400 shares of Richelieu Hardware stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of C$37.71, for a total transaction of C$90,504.00. Following the transaction, the insider directly owned 53,031 shares in the company, valued at C$1,999,799.01. This represents a 4.33% decrease in their position.
Guy Grenier also recently made the following trade(s):
- On Friday, October 30th, Guy Grenier sold 12,600 shares of Richelieu Hardware stock. The stock was sold at an average price of C$37.64, for a total transaction of C$474,264.00.
Richelieu Hardware Stock Performance
RCH opened at C$37.70 on Friday. The company has a 50 day simple moving average of C$36.64 and a two-hundred day simple moving average of C$38.83. The company has a debt-to-equity ratio of 34.76, a current ratio of 3.23 and a quick ratio of 0.71. The firm has a market cap of C$2.07 billion, a P/E ratio of 22.44, a PEG ratio of 0.77 and a beta of 0.98. Richelieu Hardware Ltd. has a 1-year low of C$33.91 and a 1-year high of C$45.03.
Richelieu Hardware (TSE:RCH – Get Free Report) last announced its quarterly earnings data on Thursday, October 8th. The company reported C$0.53 EPS for the quarter. Richelieu Hardware had a net margin of 4.47% and a return on equity of 9.49%. The firm had revenue of C$562.00 million for the quarter.
Richelieu Hardware Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Thursday, November 5th were issued a dividend of $0.1566 per share. The ex-dividend date of this dividend was Thursday, October 22nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.7%. Richelieu Hardware’s dividend payout ratio (DPR) is currently 37.09%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on RCH shares. National Bank Financial boosted their price objective on Richelieu Hardware from C$38.50 to C$39.50 and gave the company a “sector perform” rating in a research report on Friday, October 9th. Canadian Imperial Bank of Commerce cut their target price on Richelieu Hardware from C$42.00 to C$39.00 in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Richelieu Hardware has an average rating of “Hold” and a consensus target price of C$39.25.
Check Out Our Latest Stock Analysis on RCH
Richelieu Hardware Company Profile
Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company’s sales are derived from its operations in Canada. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.
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