Richelieu Hardware Ltd. (TSE:RCH) Insider Sells C$12,836.00 in Stock

Richelieu Hardware Ltd. (TSE:RCH) insider Guy Grenier sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of C$32.09, for a total transaction of C$12,836.00.

Guy Grenier also recently made the following trade(s):

  • On Friday, July 28th, Guy Grenier sold 12,700 shares of Richelieu Hardware stock. The shares were sold at an average price of C$32.17, for a total transaction of C$408,559.00.
  • On Tuesday, July 25th, Guy Grenier sold 400 shares of Richelieu Hardware stock. The shares were sold at an average price of C$31.91, for a total transaction of C$12,764.00.

Shares of Richelieu Hardware Ltd. (TSE RCH) opened at 31.60 on Friday. The firm’s 50 day moving average is $31.56 and its 200-day moving average is $29.45. The company has a market cap of $1.83 billion and a PE ratio of 27.94. Richelieu Hardware Ltd. has a 1-year low of $24.10 and a 1-year high of $32.74.

Richelieu Hardware (TSE:RCH) last issued its quarterly earnings results on Thursday, July 6th. The company reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $243.27 million for the quarter, compared to analyst estimates of $232.60 million. Richelieu Hardware had a net margin of 7.25% and a return on equity of 17.27%. Equities analysts expect that Richelieu Hardware Ltd. will post $1.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 3rd. Stockholders of record on Thursday, August 3rd were issued a $0.0567 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, July 18th.

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Separately, Scotiabank lifted their price objective on shares of Richelieu Hardware from C$29.50 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday, July 7th.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. imports, distributes, and manufactures specialty hardware and related 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, and floor protection products.

Insider Buying and Selling by Quarter for Richelieu Hardware (TSE:RCH)

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