Richard Lord Sells 2,600 Shares of Richelieu Hardware Ltd. (TSE:RCH) Stock

Richelieu Hardware Ltd. (TSE:RCHGet Free Report) Director Richard Lord sold 2,600 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of C$41.87, for a total transaction of C$108,853.42.

Richelieu Hardware Stock Performance

TSE RCH opened at C$42.10 on Friday. The company has a current ratio of 3.40, a quick ratio of 0.72 and a debt-to-equity ratio of 25.40. The firm’s fifty day moving average price is C$41.27 and its two-hundred day moving average price is C$42.09. Richelieu Hardware Ltd. has a 1 year low of C$34.90 and a 1 year high of C$45.87. The firm has a market capitalization of C$2.35 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96.

Richelieu Hardware (TSE:RCHGet Free Report) last posted its quarterly earnings results on Thursday, October 5th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.55 by C($0.02). Richelieu Hardware had a return on equity of 15.67% and a net margin of 7.14%. The firm had revenue of C$458.99 million for the quarter, compared to the consensus estimate of C$454.10 million. As a group, research analysts anticipate that Richelieu Hardware Ltd. will post 2.1315519 EPS for the current year.

Richelieu Hardware Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Wednesday, October 18th. Richelieu Hardware’s payout ratio is presently 26.43%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. CIBC cut their price objective on shares of Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 10th. National Bankshares cut their price objective on shares of Richelieu Hardware from C$48.00 to C$47.50 and set an “outperform” rating on the stock in a research report on Friday, October 6th.

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Richelieu Hardware Company Profile

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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; railing and balusters; and floor protection products, as well as accessories for power tools.

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