Richelieu Hardware (TSE:RCH) Stock: Insider Guy Grenier Sells 2,400 Shares

Richelieu Hardware Ltd. (TSE:RCH) insider Guy Grenier sold 2,400 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of C$37.71, for a total value of C$90,504.00. Following the sale, the insider directly owned 53,031 shares of the company’s stock, valued at approximately C$1,999,799.01. This represents a 4.33% decrease in their ownership of the stock.

Guy Grenier also recently made the following trade(s):

• On Friday, October 30th, Guy Grenier sold 12,600 shares of Richelieu Hardware stock. The shares were sold at an average price of C$37.64, for a total transaction of C$474,264.00.

Richelieu Hardware Stock Performance

Shares of RCH opened at C$37.70 on Monday. The company has a debt-to-equity ratio of 34.76, a quick ratio of 0.71 and a current ratio of 3.23. The stock has a market capitalization of C$2.07 billion, a P/E ratio of 22.44, a P/E/G ratio of 0.77 and a beta of 0.98. The company’s fifty day moving average is C$36.64 and its two-hundred day moving average is C$38.83. Richelieu Hardware Ltd. has a 1 year low of C$33.91 and a 1 year high of C$45.03.

Richelieu Hardware (TSE:RCH) last announced its quarterly earnings data on Thursday, October 8th. The company reported C$0.53 EPS for the quarter. The company had revenue of C$562.00 million during the quarter. Richelieu Hardware had a net margin of 4.47% and a return on equity of 9.49%.

Richelieu Hardware Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Thursday, November 5th were issued a $0.1566 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, October 22nd. Richelieu Hardware’s payout ratio is currently 37.09%.

Wall Street Analyst Weigh In

RCH has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce dropped their target price on Richelieu Hardware from C$42.00 to C$39.00 in a research report on Monday, July 13th. National Bank Financial raised their price target on Richelieu Hardware from C$38.50 to C$39.50 and gave the company a “sector perform” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$39.25.

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.