Richelieu Hardware Ltd. (TSE:RCH) Director Richard Lord Buys 2,850 Shares

Richelieu Hardware Ltd. (TSE:RCH – Get Rating) Director Richard Lord bought 2,850 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The shares were bought at an average cost of C$35.00 per share, with a total value of C$99,744.87. Following the completion of the purchase, the director now directly owns 4,222,942 shares of the company’s stock, valued at approximately C$147,795,368.70.

Richard Lord also recently made the following trade(s):

• On Wednesday, April 27th, Richard Lord bought 3,000 shares of Richelieu Hardware stock. The shares were bought at an average cost of C$36.84 per share, with a total value of C$110,530.80.

Shares of Richelieu Hardware stock traded down C$0.25 during trading on Tuesday, hitting C$34.48. The stock had a trading volume of 17,229 shares, compared to its average volume of 153,570. The firm’s fifty day simple moving average is C$39.96 and its 200-day simple moving average is C$43.55. The stock has a market cap of C$1.93 billion and a PE ratio of 13.01. The company has a debt-to-equity ratio of 21.23, a current ratio of 2.90 and a quick ratio of 0.89. Richelieu Hardware Ltd. has a 12 month low of C$32.35 and a 12 month high of C$51.52.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 5th. Investors of record on Thursday, May 5th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, April 20th. Richelieu Hardware’s dividend payout ratio is presently 10.12%.

Several equities analysts have commented on RCH shares. National Bankshares increased their price objective on shares of Richelieu Hardware from C$53.50 to C$54.50 and gave the company an “outperform” rating in a research report on Friday, April 8th. CIBC lowered their price objective on shares of Richelieu Hardware from C$55.00 to C$47.00 and set a “neutral” rating for the company in a research report on Monday, April 11th. Finally, TD Securities lowered their price objective on shares of Richelieu Hardware from C$52.00 to C$48.00 and set a “hold” rating for the company in a research report on Friday, April 8th.

Richelieu Hardware Company Profile (Get Rating)

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in North America. 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, and floor protection products.

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