Richelieu Hardware Ltd. (TSE:RCH) Senior Officer Sells C$206,605.62 in Stock

Richelieu Hardware Ltd. (TSE:RCH) Senior Officer Antoine Auclair sold 5,400 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$38.26, for a total value of C$206,605.62.

Richelieu Hardware Stock Up 0.1 %

Richelieu Hardware stock traded up C$0.05 during mid-day trading on Tuesday, reaching C$38.82. 41,918 shares of the company’s stock were exchanged, compared to its average volume of 52,102. 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 company has a market cap of C$2.16 billion, a P/E ratio of 24.23, a P/E/G ratio of 0.77 and a beta of 0.94. The company has a fifty day moving average of C$38.92 and a 200-day moving average of C$39.25. Richelieu Hardware Ltd. has a twelve month low of C$36.30 and a twelve month high of C$48.27.

Richelieu Hardware (TSE:RCH) last issued its quarterly earnings data on Thursday, October 10th. The company reported C$0.41 earnings per share (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 firm 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 declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 24th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, October 24th. Richelieu Hardware’s dividend payout ratio (DPR) is 37.50%.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their target price on Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th.

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.