Richelieu Hardware (TSE:RCH – Free Report) had its price target reduced by CIBC from C$45.00 to C$44.00 in a research note published on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.
Separately, National Bankshares set a C$45.50 target price on shares of Richelieu Hardware and gave the company a sector perform rating in a report on Tuesday, June 18th.
Read Our Latest Research Report on RCH
Richelieu Hardware Trading Down 0.3 %
Richelieu Hardware (TSE:RCH – Get Free Report) last posted its quarterly earnings data on Thursday, July 11th. The company reported C$0.42 EPS for the quarter, meeting analysts’ consensus estimates of C$0.42. The company had revenue of C$481.43 million for the quarter, compared to analyst estimates of C$481.90 million. Richelieu Hardware had a net margin of 5.82% and a return on equity of 12.18%. Analysts expect that Richelieu Hardware will post 1.7984425 earnings per share for the current year.
Richelieu Hardware Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, August 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, July 25th. Richelieu Hardware’s payout ratio is 32.43%.
Insider Activity
In other news, Senior Officer Guy Grenier sold 6,000 shares of Richelieu Hardware stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$39.33, for a total value of C$236,000.40. In related news, Director Marc Poulin acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were purchased at an average price of C$39.84 per share, with a total value of C$119,526.90. Also, Senior Officer Guy Grenier sold 6,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$39.33, for a total transaction of C$236,000.40. Insiders own 7.59% of the company’s stock.
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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