Richelieu Hardware (TSE:RCH) Hits New 1-Year Low - Time to Sell?

Shares of Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$37.13 and last traded at C$37.18, with a volume of 25462 shares trading hands. The stock had previously closed at C$38.04.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their price objective on shares of Richelieu Hardware from C$45.00 to C$44.00 and set a "neutral" rating on the stock in a report on Monday, July 15th.

Richelieu Hardware Stock Down 2.7 %

The company's 50 day moving average price is C$39.25 and its 200 day moving average price is C$39.48. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.31. The firm has a market capitalization of C$2.06 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 0.77 and a beta of 0.94.

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

Richelieu Hardware Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 24th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.62%. Richelieu Hardware's dividend payout ratio is presently 37.50%.

Insider Activity at Richelieu Hardware

In related news, Senior Officer Guy Grenier sold 3,000 shares of the business's stock in a transaction 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. In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of Richelieu Hardware stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$38.98, for a total value of C$116,943.00. Also, Director Lucie Chabot acquired 1,300 shares of the business's stock in a transaction on Wednesday, October 16th. The stock was purchased at an average cost of C$38.00 per share, with a total value of C$49,393.50. 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.