Richelieu Hardware Sector-Perform Rating, $37.00 Price Target, Confirmed at National Bank of Canada

11:56 AM EDT, 07/11/2025 (MT Newswires) -- National Bank of Canada on Thursday maintained a sector-perform rating and $37.00 price target on the shares of Richelieu Hardware (RHUHF) after the company reported its second quarter results.

The company on Thursday reported earnings of $22.5 million, or $0.41 per share, in the quarter ended May 31. The bank's estimate for EPS was $0.42.

The company reported sales of $512.2 million in the second quarter compared to $481.4 million in the corresponding year-ago quarter.

The bank said that the revenues came between its call for $505.1 million and the Street's $516.2 million, noting that it was driven by a 3.2% y/y contribution from acquisitions and 3.2% organic growth.

The bank also noted that the company's second-quarter EBITDA of $55.2 million on 10.8% margins was in line with its $55.1 million forecast (10.9%) and the $55.6 million consensus call (10.8%).

"Given RCH already trades at a premium valuation while near-term tariff uncertainty compounds a cloudy outlook in R&R and new residential end markets, we reiterate our Sector Perform rating," said the bank adding that its target also remains unchanged, following an in-line Q2.

Price: 37.36, Change: +0.13, Percent Change: +0.35

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