Richelieu Hardware (TSE:RCH) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Price crossed 200‑day moving average: Shares rose as high as C$42.09 and last traded at C$41.05, topping the 200‑day MA of C$39.19 on volume of 771,407 shares.
• Analysts remain cautious—CIBC raised its target to C$40.00 and the consensus rating is "Hold" with an average price target of C$40.25; the stock trades at a P/E of 26.48 and a market cap of about C$2.25 billion.
• Mixed insider activity: an insider bought 2,500 shares at C$40.39 while a director sold 3,000 shares at C$42.78, and insiders own 7.62% of the company.

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$39.19 and traded as high as C$42.09. Richelieu Hardware shares last traded at C$41.05, with a volume of 771,407 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce boosted their price objective on Richelieu Hardware from C$37.00 to C$40.00 in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Richelieu Hardware has an average rating of "Hold" and a consensus price target of C$40.25.

Richelieu Hardware Stock Down 1.5%

The company has a 50 day moving average of C$42.53 and a 200-day moving average of C$39.19. The company has a debt-to-equity ratio of 28.79, a current ratio of 3.29 and a quick ratio of 0.72. The company has a market cap of C$2.25 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82.

Richelieu Hardware (TSE:RCH - Get Free Report) last released its quarterly earnings results on Thursday, January 15th. The company reported C$0.47 earnings per share for the quarter. Richelieu Hardware had a return on equity of 9.02% and a net margin of 4.37%.The firm had revenue of C$510.93 million for the quarter.

Insider Buying and Selling at Richelieu Hardware

In related news, insider Antoine Auclair acquired 2,500 shares of the stock in a transaction dated Friday, January 30th. The shares were purchased at an average price of C$40.39 per share, for a total transaction of C$100,975.00. Following the transaction, the insider owned 8,597 shares in the company, valued at C$347,232.83. This represents a 41.00% increase in their position. Also, Director Marc Poulin sold 3,000 shares of the company's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of C$42.78, for a total transaction of C$128,340.00. Following the completion of the transaction, the director owned 15,000 shares of the company's stock, valued at C$641,700. This trade represents a 16.67% decrease in their ownership of the stock. Company insiders own 7.62% of the company's stock.

Richelieu Hardware Company Profile

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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