Richelieu Hardware (TSE:RCH) Sets New 1-Year Low at $37.61

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as C$37.61 and last traded at C$38.02, with a volume of 27345 shares trading hands. The stock had previously closed at C$38.16.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RCH shares. National Bankshares set a C$45.50 price objective on shares of Richelieu Hardware and gave the company a "sector perform" rating in a research note on Tuesday. CIBC lowered their price objective on shares of Richelieu Hardware from C$46.00 to C$45.00 and set a "neutral" rating for the company in a research note on Friday, April 12th.

Richelieu Hardware Stock Down 0.1 %

The company has a current ratio of 3.66, a quick ratio of 0.72 and a debt-to-equity ratio of 27.08. The stock has a market capitalization of C$2.14 billion, a PE ratio of 20.61, a P/E/G ratio of 0.77 and a beta of 0.97. The stock's fifty day simple moving average is C$39.27 and its 200-day simple moving average is C$42.41.

Richelieu Hardware (TSE:RCH - Get Free Report) last posted its quarterly earnings data on Thursday, April 11th. The company reported C$0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.34 by C($0.07). The firm had revenue of C$406.86 million for the quarter, compared to analysts' expectations of C$417.50 million. Richelieu Hardware had a return on equity of 12.18% and a net margin of 5.82%. As a group, sell-side analysts forecast that Richelieu Hardware Ltd. will post 1.7984425 EPS for the current fiscal year.

Richelieu Hardware Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Wednesday, April 24th. Richelieu Hardware's dividend payout ratio is 32.43%.

Insider Buying and Selling

In related news, Director Marc Poulin sold 3,000 shares of the business's stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$39.33, for a total value of C$118,000.20. In related news, Senior Officer Guy Grenier sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of C$39.33, for a total value of C$236,000.40. Also, Director Marc Poulin sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of C$39.33, for a total transaction of C$118,000.20. 7.59% of the stock is owned by insiders.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company's principal 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; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.