Insider Selling: Richelieu Hardware Ltd. (RCH) Insider Sells 400 Shares of Stock
Richelieu Hardware Ltd. (TSE:RCH) insider Guy Grenier sold 400 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of C$32.09, for a total value of C$12,836.00.
Guy Grenier also recently made the following trade(s):
- On Friday, July 28th, Guy Grenier sold 12,700 shares of Richelieu Hardware stock. The stock was sold at an average price of C$32.17, for a total value of C$408,559.00.
- On Tuesday, July 25th, Guy Grenier sold 400 shares of Richelieu Hardware stock. The stock was sold at an average price of C$31.91, for a total value of C$12,764.00.
Richelieu Hardware Ltd. (RCH) traded up 0.09% during trading on Monday, reaching $32.53. The company had a trading volume of 26,272 shares. The firm’s 50 day moving average price is $30.76 and its 200 day moving average price is $28.91. The firm has a market capitalization of $1.88 billion and a PE ratio of 28.76. Richelieu Hardware Ltd. has a 12-month low of $24.10 and a 12-month high of $32.59.
Richelieu Hardware (TSE:RCH) last announced its earnings results on Thursday, July 6th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. Richelieu Hardware had a return on equity of 17.27% and a net margin of 7.25%. The company had revenue of $243.27 million for the quarter, compared to analyst estimates of $232.60 million. Analysts anticipate that Richelieu Hardware Ltd. will post $1.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 3rd. Shareholders of record on Thursday, August 3rd will be issued a $0.0567 dividend. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $0.23 annualized dividend and a yield of 0.70%.
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Several research analysts have issued reports on RCH shares. Scotiabank increased their price objective on Richelieu Hardware from C$29.50 to C$30.00 and gave the stock a “sector perform” rating in a research note on Friday, July 7th. National Bank Financial raised their target price on Richelieu Hardware from C$30.00 to C$32.00 in a research note 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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