Richelieu Hardware (TSE:RCH) Price Target Raised to C$39.50

Richelieu Hardware (TSE:RCH) had its price target increased by National Bank Financial from C$38.50 to C$39.50 in a report published on Friday morning,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

Separately, Canadian Imperial Bank of Commerce dropped their price objective on Richelieu Hardware from C$42.00 to C$39.00 in a research note on Monday, July 13th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$39.25.

Richelieu Hardware Price Performance

TSE RCH opened at C$37.63 on Friday. The company has a quick ratio of 0.71, a current ratio of 3.23 and a debt-to-equity ratio of 34.76. Richelieu Hardware has a 12-month low of C$33.91 and a 12-month high of C$45.03. The company has a market capitalization of C$2.06 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84. The firm’s 50 day moving average is C$35.80 and its 200-day moving average is C$37.84.

Richelieu Hardware (TSE:RCH) last announced its quarterly earnings data on Thursday, October 8th. The company reported C$0.53 EPS for the quarter. Richelieu Hardware had a net margin of 4.47% and a return on equity of 9.49%. The business had revenue of C$562.00 million for the quarter.

Richelieu Hardware Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, November 5th will be given a $0.1566 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 22nd. Richelieu Hardware’s dividend payout ratio (DPR) is 39.48%.

Trending Headlines about Richelieu Hardware

Here are the key news stories impacting Richelieu Hardware this week:

• Positive Sentiment: Richelieu reported third-quarter EPS of C$0.53 and revenue of C$562 million. Earnings increased 23% year over year and exceeded forecasts, supporting investor confidence in the company’s operating performance. Richelieu Hardware Third-Quarter Earnings Jump 23% YoY, Beat Forecast
• Positive Sentiment: Higher revenue was attributed to acquisitions and growth in the U.S. market, providing evidence that Richelieu’s expansion strategy is contributing to sales growth. Richelieu Hardware earns higher Q3 revenue thanks to acquisitions and US growth
• Positive Sentiment: National Bank Financial raised its price target from C$38.50 to C$39.50 while maintaining a “sector perform” rating, implying approximately 4.1% potential upside from the cited share price. BayStreet analyst price-target update
• Positive Sentiment: The company declared a quarterly dividend of C$0.1566 per share, equivalent to C$0.63 annually and a stated yield of about 1.7%. The ex-dividend date is October 22, with shareholders of record on November 5 scheduled to receive the payment that day.
• Neutral Sentiment: Analyst and market commentary is increasingly focused on whether Richelieu’s valuation remains reasonable after its earnings-driven gains. Strong results and U.S. growth are constructive, but valuation could limit further near-term upside. Is Richelieu Hardware Expensive on Strong Q3 Results and U.S. Expansion?

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.