Richelieu Hardware Ltd. (TSE:RCH) insider Christian Dion sold 1,000 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of C$31.56, for a total value of C$31,560.00.
Christian Dion also recently made the following trade(s):
- On Thursday, July 13th, Christian Dion sold 423 shares of Richelieu Hardware stock. The shares were sold at an average price of C$32.04, for a total value of C$13,552.92.
Richelieu Hardware Ltd. (RCH) traded up 0.32% during mid-day trading on Wednesday, hitting $31.73. The stock had a trading volume of 4,232 shares. The company has a market cap of $1.84 billion and a P/E ratio of 28.05. Richelieu Hardware Ltd. has a 1-year low of $24.10 and a 1-year high of $32.24. The company has a 50-day moving average price of $30.30 and a 200 day moving average price of $28.59.
Richelieu Hardware (TSE:RCH) last announced its quarterly earnings results on Thursday, July 6th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Richelieu Hardware had a net margin of 7.25% and a return on equity of 17.27%. The company had revenue of $243.27 million during the quarter, compared to analyst estimates of $232.60 million. Equities research analysts forecast that Richelieu Hardware Ltd. will post $1.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Thursday, August 3rd will be issued a $0.0567 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, July 18th.
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RCH has been the subject of a number of research analyst reports. National Bank Financial increased their target price on Richelieu Hardware from C$30.00 to C$32.00 in a report on Friday, April 7th. Scotiabank increased their target price on Richelieu Hardware from C$29.50 to C$30.00 and gave the company a “sector perform” rating in a report on Friday, July 7th.
About Richelieu Hardware
Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s product categories include furniture, glass and building decorative and functional hardware, lighting systems, finishing and decorating products, ergonomic workstation components, kitchen and closet storage solutions, sliding door systems, decorative and functional panels, window and door hardware, glass hardware and floor protection products.
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