Key Points
- Insider sale: Director Guy Grenier sold 7,000 shares on Oct. 23 at an average of C$36.73 (C$257,110 total), reducing his stake by 12.22% to 50,289 shares valued at ~C$1.847M.
- Dividend announced: Richelieu declared a quarterly dividend of C$0.1533 per share (annualized C$0.61, yield 1.6%), with an ex-dividend date of Oct. 23 and payment on Nov. 16; the payout ratio is 40.13%.
- Financials & outlook: Last quarter EPS was C$0.43 on C$499.2M revenue, the stock trades at a P/E of 24.66 with a market cap of C$2.07B, and National Bankshares raised its target to C$40.50 while consensus remains a "Hold" (avg target C$39.25).
Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) insider Guy Grenier sold 7,000 shares of the business's stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of C$36.73, for a total transaction of C$257,110.00. Following the sale, the insider directly owned 50,289 shares in the company, valued at approximately C$1,847,114.97. This represents a 12.22% decrease in their position.
Richelieu Hardware Price Performance
RCH stock opened at C$37.49 on Friday. The firm has a 50 day moving average of C$36.09 and a 200-day moving average of C$35.53. Richelieu Hardware Ltd. has a 12-month low of C$31.81 and a 12-month high of C$43.20. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37. The company has a market cap of C$2.07 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 0.77 and a beta of 0.85.
Richelieu Hardware (TSE:RCH - Get Free Report) last released its quarterly earnings data on Thursday, October 9th. The company reported C$0.43 earnings per share for the quarter. The firm had revenue of C$499.20 million during the quarter. Richelieu Hardware had a return on equity of 9.84% and a net margin of 4.97%.
Richelieu Hardware Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Sunday, November 16th. Shareholders of record on Sunday, November 16th will be issued a dividend of $0.1533 per share. This represents a $0.61 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, October 23rd. Richelieu Hardware's dividend payout ratio (DPR) is 40.13%.
Analyst Upgrades and Downgrades
Separately, National Bankshares upped their price target on shares of Richelieu Hardware from C$35.00 to C$40.50 and gave the company a "sector perform" rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$39.25.
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Richelieu Hardware Company Profile
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Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company's sales are derived from its operations in Canada.
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