Richelieu Hardware (TSE:RCH) Hits New 12-Month Low at $38.17

Richelieu Hardware Ltd. (TSE:RCH) shares hit a new 52-week low during trading on Thursday . The stock traded as low as C$38.17 and last traded at C$38.33, with a volume of 8505 shares traded. The stock had previously closed at C$39.02.

Analyst Upgrades and Downgrades

Several analysts recently commented on RCH shares. National Bankshares cut Richelieu Hardware from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$47.60 to C$45.50 in a research report on Friday, January 19th. National Bank Financial cut Richelieu Hardware from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, January 18th. Finally, CIBC dropped their price target on Richelieu Hardware from C$46.00 to C$45.00 and set a “neutral” rating for the company in a research report on Friday, April 12th.

Richelieu Hardware Trading Up 0.3 %

The company has a current ratio of 3.62, a quick ratio of 0.72 and a debt-to-equity ratio of 23.05. The company has a fifty day simple moving average of C$42.18 and a 200-day simple moving average of C$43.21. The company has a market capitalization of C$2.18 billion, a PE ratio of 19.65, a PEG ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, April 24th. Richelieu Hardware’s payout ratio is currently 30.30%.

Insider Buying and Selling at Richelieu Hardware

In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of C$43.73, for a total value of C$131,198.70. In other news, Senior Officer Yannick Godeau sold 1,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$43.90, for a total transaction of C$43,899.40. Also, Senior Officer Guy Grenier sold 3,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of C$43.73, for a total value of C$131,198.70. 7.56% of the stock is owned by company 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.