Richelieu Hardware (TSE:RCH) Reaches New 52-Week High – Should You Buy?

Richelieu Hardware Ltd. (TSE:RCH) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$43.22 and last traded at C$42.98, with a volume of 44581 shares. The stock had previously closed at C$43.49.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. National Bank Financial increased their target price on Richelieu Hardware from C$35.00 to C$40.50 and gave the company a “sector perform” rating in a report on Tuesday, October 28th. Canadian Imperial Bank of Commerce increased their price objective on shares of Richelieu Hardware from C$37.00 to C$40.00 in a research note on Monday, January 19th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$40.25.

Richelieu Hardware Stock Performance

The company has a market cap of C$2.41 billion, a P/E ratio of 28.28, a PEG ratio of 0.77 and a beta of 0.72. The business’s 50 day simple moving average is C$41.02 and its 200 day simple moving average is C$37.97. 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 issued its earnings results on Thursday, October 9th. The company reported C$0.43 earnings per share for the quarter. The company 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%.

Insider Buying and Selling

In other Richelieu Hardware news, Director Marc Poulin sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of C$42.78, for a total transaction of C$128,340.00. Following the completion of the sale, the director directly owned 15,000 shares of the company’s stock, valued at C$641,700. This trade represents a 16.67% decrease in their position. Corporate insiders own 7.62% of the company’s stock.

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.