Richelieu Hardware Ltd. (TSE:RCH – Get Free Report) Director Marc Poulin purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were acquired at an average price of C$39.84 per share, for a total transaction of C$119,526.90.
Marc Poulin also recently made the following trade(s):
- On Wednesday, May 22nd, Marc Poulin sold 3,000 shares of Richelieu Hardware stock. The shares were sold at an average price of C$39.33, for a total transaction of C$118,000.20.
Richelieu Hardware Price Performance
Shares of TSE:RCH traded up C$1.59 during midday trading on Tuesday, reaching C$40.42. 41,860 shares of the company’s stock were exchanged, compared to its average volume of 51,568. The company’s 50 day simple moving average is C$39.37 and its two-hundred day simple moving average is C$41.76. The firm has a market capitalization of C$2.27 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 0.77 and a beta of 0.97. Richelieu Hardware Ltd. has a 12 month low of C$37.39 and a 12 month high of C$48.27. The company has a debt-to-equity ratio of 27.08, a quick ratio of 0.72 and a current ratio of 3.66.
Richelieu Hardware Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, August 8th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, July 25th. Richelieu Hardware’s dividend payout ratio is 32.43%.
Analysts Set New Price Targets
RCH has been the topic of a number of research analyst reports. National Bankshares set a C$45.50 target price on shares of Richelieu Hardware and gave the company a “sector perform” rating in a research note on Tuesday, June 18th. CIBC reduced their price objective on shares of Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating for the company in a report on Monday.
Check Out Our Latest Research Report on RCH
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.
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