Richelieu Hardware (TSE:RCH) Stock Price Up 14.7% – What’s Next?

Richelieu Hardware Ltd. (TSE:RCH) traded up 14.7% during trading on Thursday. The company traded as high as C$39.83 and last traded at C$39.78. 101,025 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 109,034 shares. The stock had previously closed at C$34.68.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RCH. Canadian Imperial Bank of Commerce dropped their price target on shares of Richelieu Hardware from C$42.00 to C$39.00 in a research report on Monday, July 13th. National Bank Financial upped their price objective on shares of Richelieu Hardware from C$38.00 to C$38.50 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Richelieu Hardware currently has an average rating of “Hold” and a consensus price target of C$38.75.

Richelieu Hardware Price Performance

The company has a fifty day moving average of C$35.69 and a 200-day moving average of C$37.88. The company has a current ratio of 3.04, a quick ratio of 0.71 and a debt-to-equity ratio of 31.32. The stock has a market cap of C$2.18 billion, a PE ratio of 25.34, a P/E/G ratio of 0.77 and a beta of 0.84.

Richelieu Hardware (TSE:RCH) last announced its earnings results on Thursday, October 8th. The company reported C$0.53 EPS for the quarter. The company had revenue of C$562.00 million during the quarter. Richelieu Hardware had a return on equity of 9.04% and a net margin of 4.34%.

Richelieu Hardware Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, August 7th were paid a $0.1566 dividend. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a $0.63 annualized dividend and a dividend yield of 1.6%. Richelieu Hardware’s dividend payout ratio (DPR) is presently 39.48%.

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.