Richelieu Hardware Ltd. (EAST: RCH – Get a rating) Administrator Lucie Chabot purchased 1,250 shares of Quincaillerie Richelieu in a transaction dated Tuesday, July 12. The shares were purchased at an average price of CA$36.55 per share, for a total value of CA$45,687.50. Following completion of the transaction, the administrator now directly owns 1,250 shares of the company, valued at C$45,687.50.
Performance of Richelieu hardware inventories
Richelieu Hardware opened at C$34.31 on Friday. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt ratio of 25.59. The company has a market capitalization of C$1.92 billion and a PE ratio of 12.85. The company has a fifty-day simple moving average of C$35.86 and a two-hundred-day simple moving average of C$41.73. Richelieu Hardware Ltd. has a 12-month low of C$32.35 and a 12-month high of C$51.52.
Dividend Announcement Richelieu Hardware
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 4. Shareholders of record on Thursday, July 21 will receive a dividend of $0.13. This represents an annualized dividend of $0.52 and a yield of 1.52%. The ex-dividend date is Wednesday July 20. Richelieu Hardware’s dividend payout ratio is currently 10.11%.
A Wall Street analyst gives his opinion
A number of research analysts have recently commented on RCH’s actions. CIBC has upgraded Richelieu Hardware’s shares from a “neutral” rating to a “buy” rating and set a price target of C$47.00 for the company in a Thursday, May 26 research report. TD Securities moved Richelieu Hardware shares from a “hold” rating to a “buy” rating and raised its price target for the stock from C$44.00 to C$45.00 in a report Friday, July 8. Finally, National Bank Stocks raised its price target on Quincaillerie Richelieu shares from C$53.50 to C$54.50 and gave the stock an “outperform” rating in a Friday, April 8 report.
About Richelieu Hardware
Quincaillerie Richelieu Ltée manufactures, imports and distributes specialized hardware and complementary products in North America. The company’s main product categories include furniture, glass and decorative and functional construction hardware, lighting systems, finishing and decorative products, ergonomic workstation components, storage solutions kitchen and closet panels, sliding door systems, decorative and functional panels, high pressure laminates and protective product flooring.
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