Richelieu Hardware Ltd. (TSE:RCH) Director Lucie Chabot Purchases 1,300 Shares

Richelieu Hardware Ltd. (TSE:RCH) Director Lucie Chabot purchased 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was bought at an average cost of C$38.00 per share, for a total transaction of C$49,393.50.

Richelieu Hardware Price Performance

TSE:RCH opened at C$38.52 on Thursday. The stock has a 50 day moving average of C$39.29 and a two-hundred day moving average of C$39.68. Richelieu Hardware Ltd. has a 12 month low of C$37.14 and a 12 month high of C$48.27. The firm has a market cap of C$2.14 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.31.

Richelieu Hardware (TSE:RCH) last issued its quarterly earnings results on Thursday, October 10th. The company reported C$0.41 EPS for the quarter, missing the consensus estimate of C$0.44 by C($0.03). Richelieu Hardware had a return on equity of 10.32% and a net margin of 4.97%. The firm had revenue of C$467.75 million for the quarter, compared to analysts’ expectations of C$468.40 million.

Richelieu Hardware Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, October 24th. Richelieu Hardware’s payout ratio is 37.50%.

Analyst Upgrades and Downgrades

Separately, CIBC decreased 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 report on Monday, July 15th.

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.