Richelieu Hardware (TSE:RCH) Hits New 12-Month High – Still a Buy?

Richelieu Hardware Ltd. (TSE:RCH) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$43.24 and last traded at C$43.24, with a volume of 36618 shares traded. The stock had previously closed at C$41.37.

Analysts Set New Price Targets

Separately, National Bankshares upped their target price on Richelieu Hardware from C$35.00 to C$40.50 and gave the company a “sector perform” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$39.25.

Richelieu Hardware Trading Up 3.9%

The firm has a 50 day moving average of C$39.15 and a 200-day moving average of C$37.04. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37. The firm has a market capitalization of C$2.37 billion, a P/E ratio of 28.29, a PEG ratio of 0.77 and a beta of 0.79.

Richelieu Hardware (TSE:RCH) last released its earnings results on Thursday, October 9th. The company reported C$0.43 earnings per share (EPS) for the quarter. Richelieu Hardware had a return on equity of 9.84% and a net margin of 4.97%.The company had revenue of C$499.20 million for the quarter.

Richelieu Hardware Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, November 16th. Stockholders of record on Sunday, November 16th were issued a dividend of $0.1533 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, October 23rd. Richelieu Hardware’s dividend payout ratio is 40.13%.

Insider Activity

In related news, insider Guy Grenier sold 7,000 shares of Richelieu Hardware stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of C$36.73, for a total value of C$257,110.00. Following the transaction, the insider directly owned 50,289 shares of the company’s stock, valued at C$1,847,114.97. This trade represents a 12.22% decrease in their ownership of the stock. Corporate insiders own 7.62% of the company’s stock.

Richelieu Hardware Company Profile

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.