Richelieu Hardware (TSE:RCH) Hits New 52-Week Low at $38.20

Richelieu Hardware Ltd. (TSE:RCH) hit a new 52-week low on Wednesday . The stock traded as low as C$38.20 and last traded at C$38.93, with a volume of 22680 shares. The stock had previously closed at C$38.85.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RCH shares. National Bankshares downgraded 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. National Bank Financial downgraded Richelieu Hardware from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, January 18th. Finally, CIBC cut their price target 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.

Richelieu Hardware Stock Performance

The company has a market cap of C$2.20 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. The firm has a 50-day simple moving average of C$41.98 and a 200 day simple moving average of C$43.19. The company has a quick ratio of 0.72, a current ratio of 3.66 and a debt-to-equity ratio of 27.08.

Richelieu Hardware Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, April 24th. Richelieu Hardware’s dividend payout ratio (DPR) is 32.43%.

Insiders Place Their Bets

In other Richelieu Hardware news, Senior Officer Yannick Godeau sold 1,000 shares of Richelieu Hardware stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$43.90, for a total transaction of C$43,899.40. In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of Richelieu Hardware stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$43.73, for a total value of C$131,198.70. Also, Senior Officer Yannick Godeau sold 1,000 shares of Richelieu Hardware stock in a transaction that occurred 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. 7.56% of the stock is currently owned by corporate insiders.

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.