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

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

Richelieu Hardware Trading Up 2.7 %

Shares of TSE:RCH opened at C$38.52 on Thursday. The business has a 50-day moving average price of C$39.29 and a 200-day moving average price of C$39.68. The stock has a market cap of C$2.14 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 0.77 and a beta of 0.94. Richelieu Hardware Ltd. has a 52-week low of C$37.14 and a 52-week high of C$48.27. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.31.

Richelieu Hardware (TSE:RCH) last posted its quarterly earnings results on Thursday, October 10th. The company reported C$0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.44 by C($0.03). The business had revenue of C$467.75 million for the quarter, compared to analysts’ expectations of C$468.40 million. Richelieu Hardware had a return on equity of 10.32% and a net margin of 4.97%.

Richelieu Hardware Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, October 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%. Richelieu Hardware’s payout ratio is currently 37.50%.

Wall Street Analyst Weigh In

Separately, CIBC dropped their price objective 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.

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.