Insider Selling: Richelieu Hardware Ltd. (TSE:RCH) Senior Officer Sells C$236,000.40 in Stock

Richelieu Hardware Ltd. (TSE:RCH) Senior Officer Guy Grenier sold 6,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$39.33, for a total transaction of C$236,000.40.

Richelieu Hardware Trading Up 0.1 %

Shares of RCH stock opened at C$39.26 on Friday. The company has a debt-to-equity ratio of 27.08, a quick ratio of 0.72 and a current ratio of 3.66. Richelieu Hardware Ltd. has a fifty-two week low of C$38.11 and a fifty-two week high of C$48.27. The stock has a market capitalization of C$2.20 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 0.77 and a beta of 0.97. The company has a 50 day moving average price of C$40.45 and a 200 day moving average price of C$42.90.

Richelieu Hardware (TSE:RCH) last released its 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). The company had revenue of C$406.86 million for the quarter, compared to analyst estimates of C$417.50 million. Richelieu Hardware had a return on equity of 12.18% and a net margin of 5.82%. Equities research analysts predict that Richelieu Hardware Ltd. will post 1.7984425 EPS for the current fiscal year.

Richelieu Hardware Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Richelieu Hardware’s dividend payout ratio (DPR) is currently 32.43%.

Analyst Upgrades and Downgrades

Separately, CIBC lowered their price objective on shares of Richelieu Hardware from C$46.00 to C$45.00 and set a “neutral” rating for the company in a research report on Friday, April 12th.

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.