Richelieu Hardware Ltd. (TSE:RCH) insider Guy Grenier sold 400 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of C$31.91, for a total transaction of C$12,764.00.
Richelieu Hardware Ltd. (RCH) traded up 1.12% on Friday, hitting $32.50. 25,724 shares of the stock were exchanged. The company has a 50-day moving average price of $30.70 and a 200 day moving average price of $28.86. The company has a market capitalization of $1.88 billion and a PE ratio of 28.74. Richelieu Hardware Ltd. has a 1-year low of $24.10 and a 1-year high of $32.74.
Richelieu Hardware (TSE:RCH) last issued its quarterly earnings data on Thursday, July 6th. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $243.27 million during the quarter, compared to the consensus estimate of $232.60 million. Richelieu Hardware had a net margin of 7.25% and a return on equity of 17.27%. Analysts anticipate that Richelieu Hardware Ltd. will post $1.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 3rd. Investors of record on Thursday, August 3rd will be paid a $0.0567 dividend. This represents a $0.23 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, July 18th.
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A number of research analysts have commented on the stock. Scotiabank restated a “sector perform” rating and set a C$28.50 price target on shares of Richelieu Hardware in a research note on Friday, March 31st. National Bank Financial raised their price target on shares of Richelieu Hardware from C$30.00 to C$32.00 in a research note on Friday, April 7th.
Richelieu Hardware Company Profile
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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