Richelieu Hardware Ltd. (TSE:RCH) Director Acquires C$49,393.50 in Stock

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

Richelieu Hardware Price Performance

Shares of TSE:RCH opened at C$38.95 on Friday. Richelieu Hardware Ltd. has a one year low of C$37.14 and a one year high of C$48.27. The stock has a market capitalization of C$2.17 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 0.77 and a beta of 0.94. The company has a 50-day simple moving average of C$39.29 and a 200-day simple moving average of C$39.68. The company has a debt-to-equity ratio of 26.31, a quick ratio of 0.72 and a current ratio of 3.46.

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

Richelieu Hardware Announces Dividend

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

Wall Street Analyst Weigh In

Separately, CIBC decreased their price objective on Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating for the company 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.