Richelieu Hardware (TSE:RCH) Stock Passes Above Two Hundred Day Moving Average of $40.00

Richelieu Hardware Ltd. (TSE:RCH) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.00 and traded as high as C$40.41. Richelieu Hardware shares last traded at C$39.77, with a volume of 59,590 shares trading hands.

Analyst Ratings Changes

Several research firms recently commented on RCH. CIBC lowered their target price on Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. National Bankshares set a C$45.50 price objective on Richelieu Hardware and gave the stock a “sector perform” rating in a research report on Tuesday, June 18th.

Richelieu Hardware Trading Down 1.0 %

The stock has a market cap of C$2.21 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 0.77 and a beta of 0.94. The business’s 50 day moving average is C$39.46 and its 200 day moving average is C$39.98. The company has a debt-to-equity ratio of 29.93, a current ratio of 3.27 and a quick ratio of 0.72.

Richelieu Hardware (TSE:RCH) last released its quarterly earnings data on Thursday, July 11th. The company reported C$0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.42. Richelieu Hardware had a return on equity of 11.28% and a net margin of 5.39%. The business had revenue of C$481.43 million during the quarter, compared to analysts’ expectations of C$481.90 million. As a group, equities analysts expect that Richelieu Hardware Ltd. will post 2.0363543 earnings per share for the current fiscal year.

Richelieu Hardware Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, July 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.60 annualized dividend and a yield of 1.51%. Richelieu Hardware’s dividend payout ratio is currently 34.88%.

Insiders Place Their Bets

In other news, Senior Officer Antoine Auclair sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of C$40.25, for a total value of C$161,009.20. In other news, Senior Officer Antoine Auclair sold 4,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of C$40.25, for a total value of C$161,009.20. Also, Senior Officer Guy Grenier sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$38.98, for a total value of C$116,943.00. Over the last quarter, insiders have sold 9,100 shares of company stock valued at $361,346. 7.62% 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.