Richelieu Hardware (TSE:RCH) Director Sells C$128,340.00 in Stock

Richelieu Hardware Ltd. (TSE:RCH) Director Marc Poulin sold 3,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of C$42.78, for a total value of C$128,340.00. Following the sale, the director owned 15,000 shares of the company’s stock, valued at C$641,700. This trade represents a 16.67% decrease in their position.

Richelieu Hardware Stock Down 0.0%

TSE RCH traded down C$0.02 during trading on Friday, reaching C$43.81. 93,572 shares of the company’s stock were exchanged, compared to its average volume of 109,194. Richelieu Hardware Ltd. has a fifty-two week low of C$31.81 and a fifty-two week high of C$44.42. The company’s fifty day simple moving average is C$40.92 and its 200-day simple moving average is C$37.91. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37. The firm has a market capitalization of C$2.41 billion, a PE ratio of 28.26, a P/E/G ratio of 0.77 and a beta of 0.72.

Richelieu Hardware (TSE:RCH) last announced its quarterly earnings data on Thursday, October 9th. The company reported C$0.43 earnings per share (EPS) for the quarter. Richelieu Hardware had a net margin of 4.97% and a return on equity of 9.84%. The company had revenue of C$499.20 million during the quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. National Bank Financial increased their price objective on Richelieu Hardware from C$35.00 to C$40.50 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Canadian Imperial Bank of Commerce upped their target price on shares of Richelieu Hardware from C$37.00 to C$40.00 in a report on Monday, January 19th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$40.25.

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.