Richelieu Hardware (TSE:RCH) Stock: Insider Guy Grenier Sells 12,600 Shares

Richelieu Hardware Ltd. (TSE:RCH) insider Guy Grenier sold 12,600 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of C$37.64, for a total transaction of C$474,264.00. Following the sale, the insider directly owned 53,031 shares in the company, valued at approximately C$1,996,086.84. The trade was a 19.20% decrease in their position.

Richelieu Hardware Price Performance

RCH stock opened at C$38.39 on Wednesday. Richelieu Hardware Ltd. has a 52 week low of C$33.91 and a 52 week high of C$45.03. The company has a quick ratio of 0.71, a current ratio of 3.23 and a debt-to-equity ratio of 34.76. The company has a fifty day simple moving average of C$36.49 and a two-hundred day simple moving average of C$38.89. The firm has a market capitalization of C$2.11 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84.

Richelieu Hardware (TSE:RCH) last posted its earnings results on Thursday, October 8th. The company reported C$0.53 earnings per share for the quarter. The firm had revenue of C$562.00 million for the quarter. Richelieu Hardware had a net margin of 4.47% and a return on equity of 9.49%.

Richelieu Hardware Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, November 5th will be given a $0.1566 dividend. The ex-dividend date is Thursday, October 22nd. This represents a $0.63 annualized dividend and a yield of 1.6%. Richelieu Hardware’s dividend payout ratio (DPR) is currently 37.09%.

Analysts Set New Price Targets

RCH has been the topic of several analyst reports. National Bank Financial boosted their price objective on Richelieu Hardware from C$38.50 to C$39.50 and gave the stock a “sector perform” rating in a research note on Friday, October 9th. Canadian Imperial Bank of Commerce lowered their price objective on Richelieu Hardware from C$42.00 to C$39.00 in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$39.25.

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.