Richelieu Hardware (TSE:RCH) Stock Price Up 14.7% - Time to Buy?

Key Points

• Richelieu Hardware shares surged 14.7% to C$39.78, above the analyst consensus price target of C$38.75.
• Analysts maintain a “Hold” consensus; National Bank raised its target to C$38.50, while CIBC lowered its target to C$39.00.
• The company reported quarterly EPS of C$0.53 on C$562 million in revenue and pays an annualized dividend of C$0.63, yielding approximately 1.6%.

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) shares traded up 14.7% on Thursday. The company traded as high as C$39.83 and last traded at C$39.78. 101,025 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 109,034 shares. The stock had previously closed at C$34.68.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RCH shares. National Bank Financial upped their price target on Richelieu Hardware from C$38.00 to C$38.50 and gave the company a "sector perform" rating in a research report on Wednesday, September 16th. Canadian Imperial Bank of Commerce dropped their target price on Richelieu Hardware from C$42.00 to C$39.00 in a report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$38.75.

Richelieu Hardware Stock Performance

The firm's 50 day moving average price is C$35.69 and its two-hundred day moving average price is C$37.88. The company has a debt-to-equity ratio of 31.32, a quick ratio of 0.71 and a current ratio of 3.04. The firm has a market cap of C$2.18 billion, a PE ratio of 25.34, a PEG ratio of 0.77 and a beta of 0.84.

Richelieu Hardware (TSE:RCH - Get Free Report) last announced its quarterly earnings results on Thursday, October 8th. The company reported C$0.53 earnings per share (EPS) for the quarter. The business had revenue of C$562.00 million during the quarter. Richelieu Hardware had a net margin of 4.34% and a return on equity of 9.04%.

Richelieu Hardware Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were paid a dividend of $0.1566 per share. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a $0.63 annualized dividend and a yield of 1.6%. Richelieu Hardware's dividend payout ratio (DPR) is 39.48%.

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.

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