Richelieu Hardware Ltd. (RCH) Insider Sells C$79,175.00 in Stock
Richelieu Hardware Ltd. (TSE:RCH) insider Geneviève Quevillon sold 2,500 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of C$31.67, for a total value of C$79,175.00.
Richelieu Hardware Ltd. (TSE RCH) traded down 1.11% during trading on Tuesday, reaching $32.14. The company had a trading volume of 9,111 shares. Richelieu Hardware Ltd. has a 52 week low of $24.10 and a 52 week high of $32.60. The firm has a market capitalization of $1.86 billion and a price-to-earnings ratio of 28.42. The company’s 50-day moving average is $30.38 and its 200 day moving average is $28.64.
Richelieu Hardware (TSE:RCH) last issued its quarterly earnings data on Thursday, July 6th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $243.27 million during the quarter, compared to analyst estimates of $232.60 million. Richelieu Hardware had a return on equity of 17.27% and a net margin of 7.25%. Equities analysts anticipate that Richelieu Hardware Ltd. will post $1.23 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.0567 per share. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $0.23 annualized dividend and a dividend yield of 0.71%.
A number of research firms recently issued reports on RCH. Scotiabank boosted their price objective on Richelieu Hardware from C$29.50 to C$30.00 and gave the company a “sector perform” rating in a report on Friday, July 7th. National Bank Financial boosted their price objective on Richelieu Hardware from C$30.00 to C$32.00 in a report on Friday, April 7th.
Richelieu Hardware Company Profile
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.
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