Richelieu Hardware Ltd. (TSE:RCH) Senior Officer Antoine Auclair Sells 4,000 Shares

Richelieu Hardware Ltd. (TSE:RCH) Senior Officer Antoine Auclair sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of C$40.25, for a total transaction of C$161,009.20.

Antoine Auclair also recently made the following trade(s):

• On Thursday, July 18th, Antoine Auclair sold 2,100 shares of Richelieu Hardware stock. The shares were sold at an average price of C$39.71, for a total transaction of C$83,393.94.

Richelieu Hardware Stock Performance

RCH opened at C$40.35 on Friday. The company has a current ratio of 3.66, a quick ratio of 0.72 and a debt-to-equity ratio of 27.08. The company has a market cap of C$2.27 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.77 and a beta of 0.97. The company’s 50 day moving average is C$39.53 and its 200 day moving average is C$41.42. Richelieu Hardware Ltd. has a 12-month low of C$37.39 and a 12-month high of C$48.27.

Richelieu Hardware (TSE:RCH) last posted its quarterly earnings data on Thursday, July 11th. The company reported C$0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.42. The company had revenue of C$481.43 million for the quarter, compared to the consensus estimate of C$481.90 million. Richelieu Hardware had a net margin of 5.82% and a return on equity of 12.18%. On average, equities research analysts predict that Richelieu Hardware Ltd. will post 1.7984425 EPS for the current year.

Richelieu Hardware Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 25th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, July 25th. Richelieu Hardware’s payout ratio is 32.43%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. National Bankshares set a C$45.50 price target on shares of Richelieu Hardware and gave the company a “sector perform” rating in a report on Tuesday, June 18th. CIBC dropped their price target 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.