Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) Director Lucie Chabot bought 1,300 shares of Richelieu Hardware stock in a transaction dated Wednesday, October 16th. The stock was acquired at an average cost of C$38.00 per share, for a total transaction of C$49,393.50.
Richelieu Hardware Stock Up 2.7 %
Richelieu Hardware stock traded up C$1.01 during mid-day trading on Wednesday, reaching C$38.52. The stock had a trading volume of 138,617 shares, compared to its average volume of 50,829. The company has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 0.77 and a beta of 0.94. The company has a 50-day moving average price of C$39.33 and a two-hundred day moving average price of C$39.71. Richelieu Hardware Ltd. has a one year low of C$37.14 and a one year high of C$48.27. The company has a debt-to-equity ratio of 26.31, a current ratio of 3.46 and a quick ratio of 0.72.
Richelieu Hardware (TSE:RCH - Get Free Report) last announced its quarterly earnings results on Thursday, October 10th. The company reported C$0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.44 by C($0.03). The firm had revenue of C$467.75 million during the quarter, compared to the consensus estimate of C$468.40 million. Richelieu Hardware had a return on equity of 10.32% and a net margin of 4.97%.
Richelieu Hardware Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, October 24th. Richelieu Hardware's dividend payout ratio is currently 37.50%.
Wall Street Analysts Forecast Growth
RCH has been the topic of a number of recent research reports. CIBC reduced their target price on shares of 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. National Bankshares set a C$45.50 target price on shares of Richelieu Hardware and gave the stock a "sector perform" rating in a research report on Tuesday, June 18th.
Check Out Our Latest Stock Analysis on Richelieu Hardware
About Richelieu Hardware
(
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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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