Antoine Auclair Purchases 2,500 Shares of Richelieu Hardware (TSE:RCH) Stock

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

Richelieu Hardware Stock Performance

RCH stock opened at C$43.83 on Monday. The stock’s 50 day simple moving average is C$41.02 and its 200 day simple moving average is C$38.01. Richelieu Hardware Ltd. has a 12-month low of C$31.81 and a 12-month high of C$44.42. The firm has a market cap of C$2.41 billion, a P/E ratio of 28.28, a P/E/G ratio of 0.77 and a beta of 0.72. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37.

Richelieu Hardware (TSE:RCH) last released its earnings results on Thursday, October 9th. The company reported C$0.43 earnings per share for the quarter. The firm had revenue of C$499.20 million during the quarter. Richelieu Hardware had a net margin of 4.97% and a return on equity of 9.84%.

Analyst Ratings Changes

A number of brokerages have commented on RCH. National Bank Financial lifted their target price on Richelieu Hardware from C$35.00 to C$40.50 and gave the company a “sector perform” rating in a research note on Tuesday, October 28th. Canadian Imperial Bank of Commerce raised their price target on Richelieu Hardware from C$37.00 to C$40.00 in a report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.