Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) insider Guy Grenier sold 2,400 shares of the firm's stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of C$37.71, for a total value of C$90,504.00. Following the transaction, the insider owned 53,031 shares of the company's stock, valued at approximately C$1,999,799.01. The trade was a 4.33% decrease in their position.
Guy Grenier also recently made the following trade(s):
- On Friday, October 30th, Guy Grenier sold 12,600 shares of Richelieu Hardware stock. The stock was sold at an average price of C$37.64, for a total value of C$474,264.00.
Richelieu Hardware Price Performance
TSE:RCH opened at C$37.70 on Friday. The company has a current ratio of 3.23, a quick ratio of 0.71 and a debt-to-equity ratio of 34.76. The company has a market capitalization of C$2.07 billion, a P/E ratio of 22.44, a P/E/G ratio of 0.77 and a beta of 0.98. Richelieu Hardware Ltd. has a 12 month low of C$33.91 and a 12 month high of C$45.03. The business's 50-day moving average is C$36.64 and its 200 day moving average is C$38.83.
Richelieu Hardware (TSE:RCH - Get Free Report) last released its quarterly earnings results on Thursday, October 8th. The company reported C$0.53 earnings per share for the quarter. Richelieu Hardware had a return on equity of 9.49% and a net margin of 4.47%. The business had revenue of C$562.00 million during the quarter.
Richelieu Hardware Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Thursday, November 5th were given a dividend of $0.1566 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, October 22nd. Richelieu Hardware's dividend payout ratio is currently 37.09%.
Analyst Ratings Changes
Several brokerages recently weighed in on RCH. National Bank Financial boosted their price target on shares of Richelieu Hardware from C$38.50 to C$39.50 and gave the stock a "sector perform" rating in a research report on Friday, October 9th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Richelieu Hardware from C$42.00 to C$39.00 in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$39.25.
Get Our Latest Stock Report on RCH
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. Richelieu's products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.
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