Richelieu Hardware Ltd. (TSE:RCH – Get Free Report)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$37.61 and last traded at C$38.02, with a volume of 27345 shares changing hands. The stock had previously closed at C$38.16.
Analyst Upgrades and Downgrades
Several analysts recently commented on RCH shares. CIBC cut their price objective on Richelieu Hardware from C$46.00 to C$45.00 and set a “neutral” rating for the company in a report on Friday, April 12th. National Bankshares set a C$45.50 price target on Richelieu Hardware and gave the company a “sector perform” rating in a research note on Tuesday.
View Our Latest Research Report on RCH
Richelieu Hardware Stock Down 0.1 %
Richelieu Hardware (TSE:RCH – Get Free Report) last released its quarterly earnings results on Thursday, April 11th. The company reported C$0.27 EPS for the quarter, missing the consensus estimate of C$0.34 by C($0.07). Richelieu Hardware had a net margin of 5.82% and a return on equity of 12.18%. The business had revenue of C$406.86 million for the quarter, compared to analysts’ expectations of C$417.50 million. As a group, analysts forecast that Richelieu Hardware Ltd. will post 1.7984425 EPS for the current fiscal year.
Richelieu Hardware Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, April 24th. Richelieu Hardware’s dividend payout ratio is 32.43%.
Insiders Place Their Bets
In other Richelieu Hardware news, Director Marc Poulin sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$39.33, for a total value of C$118,000.20. In other Richelieu Hardware news, Senior Officer Guy Grenier sold 6,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$39.33, for a total value of C$236,000.40. Also, Director Marc Poulin sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$39.33, for a total value of C$118,000.20. 7.59% of the stock is currently owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Richelieu Hardware
- 3 Fintech Stocks With Good 2021 Prospects
- Sarepta Therapeutics Stock Soars on FDA Approval
- 3 Tickers Leading a Meme Stock Revival
- CarMax: A Market Melt-Up Waiting to Happen for this Stock
- Investing In Preferred Stock vs. Common Stock
- 3 Solar Stocks to Watch that are Building the Green Energy Future
Receive News & Ratings for Richelieu Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richelieu Hardware and related companies with MarketBeat.com's FREE daily email newsletter.