Richelieu Hardware (TSE:RCH) Hits New 1-Year High – Still a Buy?

Richelieu Hardware Ltd. (TSE:RCH) shares hit a new 52-week high on Tuesday . The company traded as high as C$43.77 and last traded at C$43.69, with a volume of 76002 shares changing hands. The stock had previously closed at C$43.83.

Analyst Upgrades and Downgrades

RCH has been the subject of a number of recent analyst reports. National Bank Financial raised 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 target on shares of 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, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$40.25.

Richelieu Hardware Stock Performance

The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37. The stock’s 50 day moving average is C$41.12 and its 200 day moving average is C$38.08. The stock has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 0.77 and a beta of 0.72.

Insider Buying and Selling at Richelieu Hardware

In related news, insider Antoine Auclair acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were acquired at an average price of C$40.39 per share, with a total value of C$100,975.00. Following the completion of the purchase, the insider directly owned 8,597 shares in the company, valued at approximately C$347,232.83. The trade was a 41.00% increase in their ownership of the stock. Also, Director Marc Poulin sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 15,000 shares of the company’s stock, valued at C$641,700. The trade was a 16.67% decrease in their position. 7.62% of the stock is owned by corporate insiders.

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.