Shares of Richelieu Hardware Ltd. (TSE:RCH) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$32.75 and last traded at C$32.49, with a volume of 43,907 shares changing hands. The stock had previously closed at C$32.00.

Several analysts have issued reports on the company. National Bank Financial increased their target price on Richelieu Hardware from C$33.50 to C$36.00 and gave the company an “outperform” rating in a research report on Friday. Scotiabank lifted their price target on Richelieu Hardware from C$29.50 to C$30.00 and gave the stock a “sector perform” rating in a research report on Friday, July 7th.

The firm’s 50-day moving average is $31.28 and its 200 day moving average is $30.43. The firm has a market capitalization of $1.94 billion and a PE ratio of 29.60.

Richelieu Hardware (TSE:RCH) last announced its quarterly earnings data on Thursday, July 6th. The company reported C$0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.30. Richelieu Hardware had a net margin of 7.25% and a return on equity of 17.27%. The firm had revenue of C$243.27 million during the quarter, compared to the consensus estimate of C$232.60 million. Equities research analysts forecast that Richelieu Hardware Ltd. will post $1.23 earnings per share for the current year.

In related news, insider Guy Grenier sold 12,700 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of C$32.17, for a total transaction of C$408,559.00. Also, Director Richard Lord sold 149,900 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of C$31.50, for a total transaction of C$4,721,850.00. Over the last three months, insiders have sold 167,823 shares of company stock valued at $5,296,172.

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Richelieu Hardware Company Profile

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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