Richelieu Hardware (TSE:RCH) Hits New 52-Week Low at $37.61

Richelieu Hardware Ltd. (TSE:RCH)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as C$37.61 and last traded at C$38.02, with a volume of 27345 shares changing hands. The stock had previously closed at C$38.16.

Wall Street Analyst Weigh In

RCH has been the topic of a number of recent research reports. CIBC dropped their target price on Richelieu Hardware from C$46.00 to C$45.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. National Bankshares set a C$45.50 price objective on shares of Richelieu Hardware and gave the company a “sector perform” rating in a report on Tuesday, June 18th.

Richelieu Hardware Stock Performance

The stock has a market cap of C$2.14 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 0.77 and a beta of 0.97. The firm’s 50-day moving average is C$39.22 and its two-hundred day moving average is C$42.38. The company has a current ratio of 3.66, a quick ratio of 0.72 and a debt-to-equity ratio of 27.08.

Richelieu Hardware (TSE:RCH) last announced its earnings results on Thursday, April 11th. The company reported C$0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($0.07). The business had revenue of C$406.86 million for the quarter, compared to analyst estimates of C$417.50 million. Richelieu Hardware had a return on equity of 12.18% and a net margin of 5.82%. As a group, sell-side analysts expect that Richelieu Hardware Ltd. will post 1.7984425 earnings per share for the current year.

Richelieu Hardware Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, April 24th. Richelieu Hardware’s dividend payout ratio is currently 32.43%.

Insider Activity

In other Richelieu Hardware news, Director Marc Poulin sold 3,000 shares of the company’s 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$118,000.20. In other news, Director Marc Poulin sold 3,000 shares of Richelieu Hardware stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$39.33, for a total value of C$118,000.20. Also, Senior Officer Guy Grenier sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of C$39.33, for a total transaction of C$236,000.40. Corporate 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.