Insider Selling: Richelieu Hardware Ltd. (RCH) Insider Sells 1,000 Shares of Stock
Richelieu Hardware Ltd. (TSE:RCH) insider Christian Dion sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of C$31.56, for a total transaction of C$31,560.00.
Christian Dion also recently made the following trade(s):
- On Thursday, July 13th, Christian Dion sold 423 shares of Richelieu Hardware stock. The stock was sold at an average price of C$32.04, for a total transaction of C$13,552.92.
Richelieu Hardware Ltd. (RCH) traded down 0.20% during mid-day trading on Tuesday, reaching $31.30. 6,109 shares of the company were exchanged. The stock has a 50 day moving average of $30.08 and a 200-day moving average of $28.13. The stock has a market capitalization of $1.83 billion and a price-to-earnings ratio of 27.65. Richelieu Hardware Ltd. has a one year low of $24.10 and a one year high of $32.24.
Richelieu Hardware (TSE:RCH) last released its earnings results on Thursday, July 6th. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. Richelieu Hardware had a net margin of 7.25% and a return on equity of 17.27%. The firm had revenue of $243.27 million for the quarter, compared to the consensus estimate of $232.60 million. On average, equities analysts expect that Richelieu Hardware Ltd. will post $1.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Thursday, August 3rd will be issued a $0.0567 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, July 18th.
TRADEMARK VIOLATION NOTICE: “Insider Selling: Richelieu Hardware Ltd. (RCH) Insider Sells 1,000 Shares of Stock” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/07/18/insider-selling-richelieu-hardware-ltd-rch-insider-sells-1000-shares-of-stock.html.
A number of analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Richelieu Hardware from C$28.50 to C$29.50 and gave the stock a “sector perform” rating in a report on Thursday, April 20th. National Bank Financial upped their target price on shares of Richelieu Hardware from C$30.00 to C$32.00 in a report on Friday, April 7th.
About Richelieu Hardware
Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s 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, window and door hardware, glass hardware and floor protection products.
Receive News & Ratings for Richelieu Hardware Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richelieu Hardware Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.