Richelieu Hardware (TSE:RCH) Reaches New 12-Month High – Should You Buy?

Richelieu Hardware Ltd. (TSE:RCH) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$43.77 and last traded at C$43.69, with a volume of 76002 shares trading hands. The stock had previously closed at C$43.83.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RCH. National Bank Financial boosted their price objective on shares of 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 boosted their price target on Richelieu Hardware from C$37.00 to C$40.00 in a research report on Monday, January 19th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$40.25.

Richelieu Hardware Stock Up 0.7%

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 company has a market capitalization of C$2.46 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 0.77 and a beta of 0.72. The company has a 50-day moving average of C$41.45 and a 200-day moving average of C$38.23.

Insider Buying and Selling

In related news, insider Antoine Auclair purchased 2,500 shares of the business’s stock in a transaction on Friday, January 30th. The shares were acquired at an average price of C$40.39 per share, for a total transaction of C$100,975.00. Following the purchase, the insider owned 8,597 shares of the company’s stock, valued at C$347,232.83. This trade represents a 41.00% increase in their position. Also, Director Marc Poulin sold 3,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of C$42.78, for a total transaction of C$128,340.00. Following the sale, the director directly owned 15,000 shares in the company, valued at C$641,700. This trade represents a 16.67% decrease in their ownership of the stock. Corporate insiders own 7.62% of the company’s stock.

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.