Christian Dion Sells 423 Shares of Richelieu Hardware Ltd. (TSE:RCH) Stock
Richelieu Hardware Ltd. (TSE:RCH) insider Christian Dion sold 423 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of C$32.04, for a total transaction of C$13,552.92.
Richelieu Hardware Ltd. (TSE RCH) traded down 1.80% during trading on Monday, reaching $31.02. 9,119 shares of the company’s stock were exchanged. Richelieu Hardware Ltd. has a 52 week low of $24.10 and a 52 week high of $32.24. The stock has a 50-day moving average of $30.08 and a 200-day moving average of $28.13. The stock has a market capitalization of $1.82 billion and a PE ratio of 27.40.
Richelieu Hardware (TSE:RCH) last posted its quarterly earnings data on Thursday, July 6th. The company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $243.27 million during the quarter, compared to the consensus estimate of $232.60 million. Richelieu Hardware had a return on equity of 17.27% and a net margin of 7.25%. On average, equities research analysts anticipate that Richelieu Hardware Ltd. will post $1.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Thursday, August 3rd will be paid a dividend of $0.0567 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, July 18th.
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A number of equities analysts have issued reports on RCH shares. Scotiabank reissued a “sector perform” rating and set a C$28.50 price target on shares of Richelieu Hardware in a research report on Friday, March 31st. National Bank Financial raised their price target on shares of Richelieu Hardware from C$30.00 to C$32.00 in a research report on Friday, April 7th.
About Richelieu Hardware
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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