Richelieu Hardware (TSE:RCH) Stock Price Breaks Above 200-Day Moving Average – Time to Sell?

Richelieu Hardware Ltd. (TSE:RCH) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$37.73 and traded as high as C$38.70. Richelieu Hardware shares last traded at C$37.89, with a volume of 88,306 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RCH. Canadian Imperial Bank of Commerce lowered their target price on Richelieu Hardware from C$42.00 to C$39.00 in a research note on Monday, July 13th. National Bank Financial increased their price target on shares of Richelieu Hardware from C$38.50 to C$39.50 and gave the stock a “sector perform” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$39.25.

Richelieu Hardware Price Performance

The company has a quick ratio of 0.71, a current ratio of 3.23 and a debt-to-equity ratio of 34.76. The firm has a market capitalization of C$2.08 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 0.77 and a beta of 0.84. The stock’s 50 day moving average price is C$36.00 and its two-hundred day moving average price is C$37.73.

Richelieu Hardware (TSE:RCH) last announced its quarterly earnings data on Thursday, October 8th. The company reported C$0.53 earnings per share (EPS) for the quarter. The business had revenue of C$562.00 million during the quarter. Richelieu Hardware had a return on equity of 9.49% and a net margin of 4.47%.

Richelieu Hardware Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, November 5th will be given a $0.1566 dividend. This represents a $0.63 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 22nd. Richelieu Hardware’s dividend payout ratio is presently 37.09%.

About Richelieu Hardware

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company’s sales are derived from its operations in Canada. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.