Richelieu Hardware (TSE:RCH) Hits New 12-Month Low – Time to Sell?

Richelieu Hardware Ltd. (TSE:RCH)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$37.13 and last traded at C$37.18, with a volume of 25462 shares changing hands. The stock had previously closed at C$38.04.

Analyst Ratings Changes

Separately, CIBC cut their price target on shares of Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th.

Richelieu Hardware Stock Down 2.5 %

The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.31. The business has a 50 day moving average of C$39.25 and a 200-day moving average of C$39.48. The stock has a market cap of C$2.06 billion, a PE ratio of 23.26, a P/E/G ratio of 0.77 and a beta of 0.94.

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

Richelieu Hardware Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 24th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.62%. Richelieu Hardware’s dividend payout ratio is presently 37.50%.

Insider Transactions at Richelieu Hardware

In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of Richelieu Hardware stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$38.98, for a total value of C$116,943.00. In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$38.98, for a total transaction of C$116,943.00. Also, Director Lucie Chabot bought 1,300 shares of the stock in a transaction dated Wednesday, October 16th. The stock was purchased at an average cost of C$38.00 per share, for a total transaction of C$49,393.50. Insiders own 7.62% of the company’s stock.

Richelieu Hardware Company Profile

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.