Richelieu Hardware Ltd. (RCH) To Go Ex-Dividend on April 24th

Richelieu Hardware Ltd. (TSE:RCH) declared a quarterly dividend on Monday, April 15th, TickerTech reports. Stockholders of record on Thursday, April 25th will be given a dividend of 0.15 per share on Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, April 24th.

Richelieu Hardware Stock Down 0.8 %

RCH traded down C$0.34 on Wednesday, reaching C$39.85. 13,853 shares of the company traded hands, compared to its average volume of 48,012. The company has a debt-to-equity ratio of 23.05, a current ratio of 3.62 and a quick ratio of 0.72. The company has a market cap of C$2.24 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 0.77 and a beta of 0.94. The stock’s 50 day moving average price is C$42.96 and its 200-day moving average price is C$43.32. Richelieu Hardware has a 52-week low of C$37.68 and a 52-week high of C$48.27.

Richelieu Hardware (TSE:RCH) last posted its earnings results on Thursday, January 18th. The company reported C$0.51 earnings per share for the quarter, missing the consensus estimate of C$0.54 by C($0.03). Richelieu Hardware had a return on equity of 13.18% and a net margin of 6.24%. The firm had revenue of C$453.70 million during the quarter, compared to the consensus estimate of C$443.00 million. On average, sell-side analysts expect that Richelieu Hardware will post 1.8799626 EPS for the current fiscal year.

Insider Buying and Selling at Richelieu Hardware

In other news, Senior Officer Yannick Godeau sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$43.90, for a total value of C$43,899.40. In other news, Senior Officer Guy Grenier sold 3,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of C$43.73, for a total transaction of C$131,198.70. Also, Senior Officer Yannick Godeau sold 1,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$43.90, for a total value of C$43,899.40. Company insiders own 7.56% of the company’s stock.

Analyst Ratings Changes

RCH has been the topic of several analyst reports. National Bankshares cut Richelieu Hardware from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$47.60 to C$45.50 in a report on Friday, January 19th. CIBC decreased their price objective on Richelieu Hardware from C$46.00 to C$45.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, National Bank Financial cut Richelieu Hardware from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Thursday, January 18th.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company's principal 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; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.