Antoine Auclair Purchases 2,500 Shares of Richelieu Hardware (TSE:RCH) Stock

Richelieu Hardware Ltd. (TSE:RCH) insider Antoine Auclair bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were acquired at an average price of C$40.39 per share, with a total value of C$100,975.00. Following the purchase, the insider owned 8,597 shares in the company, valued at C$347,232.83. This trade represents a 41.00% increase in their ownership of the stock.

Richelieu Hardware Price Performance

Shares of RCH stock remained flat at C$43.83 during trading hours on Friday. The stock had a trading volume of 126,458 shares, compared to its average volume of 110,413. Richelieu Hardware Ltd. has a one year low of C$31.81 and a one year high of C$44.42. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37. The company has a market capitalization of C$2.41 billion, a PE ratio of 28.28, a P/E/G ratio of 0.77 and a beta of 0.72. The business’s fifty day simple moving average is C$41.02 and its two-hundred day simple moving average is C$37.99.

Richelieu Hardware (TSE:RCH) last announced its earnings results on Thursday, October 9th. The company reported C$0.43 earnings per share (EPS) for the quarter. Richelieu Hardware had a net margin of 4.97% and a return on equity of 9.84%. The business had revenue of C$499.20 million for the quarter.

Analyst Ratings Changes

RCH has been the subject of a number of research reports. Canadian Imperial Bank of Commerce raised their price objective on Richelieu Hardware from C$37.00 to C$40.00 in a research report on Monday, January 19th. National Bank Financial upped their target price on Richelieu Hardware from C$35.00 to C$40.50 and gave the company a “sector perform” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average 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.