Richelieu Hardware (TSE:RCH) Issues Earnings Results

Richelieu Hardware (TSE:RCH) posted its quarterly earnings results on Thursday. The company reported C$0.26 earnings per share (EPS) for the quarter, FiscalAI reports. Richelieu Hardware had a net margin of 4.37% and a return on equity of 9.02%. The company had revenue of C$463.57 million during the quarter.

Richelieu Hardware Price Performance

Shares of RCH stock traded down C$1.94 during midday trading on Thursday, reaching C$38.57. 113,052 shares of the company traded hands, compared to its average volume of 106,461. The firm’s 50 day simple moving average is C$42.25 and its two-hundred day simple moving average is C$39.69. Richelieu Hardware has a 1-year low of C$31.81 and a 1-year high of C$45.03. The company has a debt-to-equity ratio of 28.79, a current ratio of 3.29 and a quick ratio of 0.72. The firm has a market cap of C$2.12 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 0.77 and a beta of 0.78.

Insider Buying and Selling

In other news, Director Marc Poulin sold 3,000 shares of Richelieu Hardware stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of C$42.78, for a total transaction of C$128,340.00. Following the completion of the sale, the director directly owned 15,000 shares in the company, valued at approximately C$641,700. This trade represents a 16.67% decrease in their position. Also, insider Antoine Auclair acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average price of C$40.39 per share, with a total value of C$100,975.00. Following the completion of the transaction, the insider directly owned 8,597 shares in the company, valued at approximately C$347,232.83. The trade was a 41.00% increase in their ownership of the stock. 7.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce lifted their price target on shares of Richelieu Hardware from C$37.00 to C$40.00 in a research report on Monday, January 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Richelieu Hardware presently has a consensus rating of “Hold” and a consensus target price of C$40.25.

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.