Richelieu Hardware (TSE:RCH) Insider Acquires C$100,975.00 in Stock

Richelieu Hardware Ltd. (TSE:RCH) insider Antoine Auclair bought 2,500 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were purchased at an average price of C$40.39 per share, for a total transaction of C$100,975.00. Following the purchase, the insider owned 8,597 shares in the company, valued at C$347,232.83. This trade represents a 41.00% increase in their position.

Richelieu Hardware Stock Performance

RCH opened at C$43.83 on Tuesday. The firm has a market cap of C$2.41 billion, a P/E ratio of 28.28, a PEG ratio of 0.77 and a beta of 0.72. Richelieu Hardware Ltd. has a 1-year low of C$31.81 and a 1-year high of C$44.42. The company has a 50 day simple moving average of C$41.12 and a two-hundred day simple moving average of C$38.08. The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72.

Wall Street Analyst Weigh In

RCH has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce upped their price objective on Richelieu Hardware from C$37.00 to C$40.00 in a research note on Monday, January 19th. National Bank Financial increased their price objective on shares of Richelieu Hardware from C$35.00 to C$40.50 and gave the company a “sector perform” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$40.25.

Richelieu Hardware Company Profile

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.