Richelieu Hardware (TSE:RCH) PT Set at C$45.50 by National Bankshares

National Bankshares set a C$45.50 price objective on Richelieu Hardware (TSE:RCH - Free Report) in a research report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, CIBC lowered their price target on Richelieu Hardware from C$46.00 to C$45.00 and set a neutral rating for the company in a research report on Friday, April 12th.

Richelieu Hardware Price Performance

RCH traded down C$0.78 during trading hours on Tuesday, hitting C$38.68. The company's stock had a trading volume of 73,189 shares, compared to its average volume of 51,127. Richelieu Hardware has a 12 month low of C$37.39 and a 12 month high of C$48.27. 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 business's 50-day moving average price is C$39.44 and its 200-day moving average price is C$42.50. The stock has a market cap of C$2.17 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 0.77 and a beta of 0.97.

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

Richelieu Hardware Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. Richelieu Hardware's dividend payout ratio is 32.43%.

Insider Buying and Selling

In other Richelieu Hardware news, Senior Officer Guy Grenier sold 6,000 shares of the company's stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$39.33, for a total value of C$236,000.40. In other 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 transaction of C$236,000.40. Also, Director Marc Poulin sold 3,000 shares of the business'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$118,000.20. 7.59% of the stock is owned by corporate 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.