Richelieu Hardware (TSE:RCH) Hits New 12-Month Low - Should You Sell?

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as C$37.37 and last traded at C$37.50, with a volume of 103239 shares traded. The stock had previously closed at C$39.07.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RCH shares. National Bankshares set a C$45.50 target price on Richelieu Hardware and gave the company a "sector perform" rating in a research note on Tuesday, June 18th. CIBC reduced their price objective on Richelieu Hardware from C$45.00 to C$44.00 and set a "neutral" rating on the stock in a research report on Monday, July 15th.

Richelieu Hardware Trading Down 4.0 %

The company has a debt-to-equity ratio of 26.31, a current ratio of 3.46 and a quick ratio of 0.72. The firm has a market cap of C$2.09 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The business's 50-day moving average price is C$39.40 and its two-hundred day moving average price is C$39.75.

Richelieu Hardware (TSE:RCH - Get Free Report) last issued its quarterly earnings results on Thursday, October 10th. The company reported C$0.41 earnings per share for the quarter, missing the consensus estimate of C$0.44 by C($0.03). Richelieu Hardware had a net margin of 4.97% and a return on equity of 10.32%. The business had revenue of C$467.75 million during the quarter, compared to analyst estimates of C$468.40 million.

Richelieu Hardware Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, October 24th. Richelieu Hardware's payout ratio is 37.50%.

Insider Activity

In other Richelieu Hardware news, Senior Officer Antoine Auclair sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of C$40.25, for a total transaction of C$161,009.20. In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of Richelieu Hardware stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$38.98, for a total transaction of C$116,943.00. Also, Senior Officer Antoine Auclair sold 4,000 shares of the company's stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of C$40.25, for a total value of C$161,009.20. Insiders sold a total of 9,100 shares of company stock valued at $361,346 in the last 90 days. 7.62% of the stock is currently owned by insiders.

About Richelieu Hardware

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.

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