Richelieu Hardware (TSE:RCH) Hits New 1-Year Low – What’s Next?

Richelieu Hardware Ltd. (TSE:RCH)’s share price hit a new 52-week low on Friday . The company traded as low as C$32.52 and last traded at C$32.73, with a volume of 14776 shares. The stock had previously closed at C$33.17.

Analysts Set New Price Targets

Separately, CIBC decreased their price objective on shares of Richelieu Hardware from C$43.00 to C$42.00 in a report on Wednesday, January 15th.

Richelieu Hardware Stock Up 1.1 %

The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72. The firm has a market capitalization of C$1.86 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The business has a 50 day moving average price of C$36.47 and a 200 day moving average price of C$38.20.

Richelieu Hardware Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.1533 per share. The ex-dividend date was Thursday, January 30th. This is a positive change from Richelieu Hardware’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.83%. Richelieu Hardware’s payout ratio is 37.34%.

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.