Lucie Chabot Acquires 1,300 Shares of Richelieu Hardware Ltd. (TSE:RCH) Stock

Richelieu Hardware Ltd. (TSE:RCH) Director Lucie Chabot acquired 1,300 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was bought at an average price of C$38.00 per share, with a total value of C$49,393.50.

Richelieu Hardware Stock Performance

Shares of RCH stock opened at C$38.95 on Friday. The company has a market cap of C$2.17 billion, a P/E ratio of 24.34, a PEG ratio of 0.77 and a beta of 0.94. The firm has a fifty day moving average price of C$39.29 and a 200 day moving average price of C$39.68. 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 Ltd. has a 12 month low of C$37.14 and a 12 month high of C$48.27.

Richelieu Hardware (TSE:RCH) last released its quarterly earnings data on Thursday, October 10th. The company reported C$0.41 earnings per share (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 business had revenue of C$467.75 million for the quarter, compared to analyst estimates of C$468.40 million.

Richelieu Hardware Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, October 24th. Richelieu Hardware’s dividend payout ratio (DPR) is 37.50%.

Wall Street Analyst Weigh In

Separately, CIBC reduced their target price 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.

About Richelieu Hardware

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.