Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) Director Jeffrey Siegel sold 2,571 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $9.51, for a total value of $24,450.21. Following the completion of the transaction, the director owned 1,177,897 shares in the company, valued at $11,201,800.47. This represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Lifetime Brands Stock Performance
NASDAQ:LCUT opened at $9.48 on Tuesday. The stock has a market cap of $217.94 million, a P/E ratio of 6.63, a PEG ratio of 0.32 and a beta of 1.00. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51. The business's 50-day moving average price is $8.69 and its two-hundred day moving average price is $6.93. Lifetime Brands, Inc. has a twelve month low of $2.90 and a twelve month high of $10.17.
Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of ($0.21) by $1.39. The company had revenue of $141.57 million during the quarter, compared to analyst estimates of $136.64 million. Lifetime Brands had a return on equity of 26.39% and a net margin of 4.81%. As a group, equities analysts predict that Lifetime Brands, Inc. will post 2.08 EPS for the current fiscal year.
Lifetime Brands Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 30th. Lifetime Brands's payout ratio is currently 11.89%.
Institutional Investors Weigh In On Lifetime Brands
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JB Capital Partners LP bought a new stake in Lifetime Brands in the second quarter valued at $13,820,463,000. BlackRock Inc. purchased a new position in Lifetime Brands during the 2nd quarter valued at $8,092,000. Ameriprise Financial Inc. raised its holdings in Lifetime Brands by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company's stock worth $3,535,000 after purchasing an additional 4,703 shares in the last quarter. Martin & Co. Inc. TN bought a new position in Lifetime Brands in the 2nd quarter worth $3,799,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of Lifetime Brands by 3.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company's stock worth $942,000 after purchasing an additional 8,820 shares during the period. 40.62% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
LCUT has been the topic of several research reports. Roth Capital restated a "buy" rating and set a $12.00 price objective on shares of Lifetime Brands in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Lifetime Brands from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 17th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lifetime Brands in a research note on Monday, July 6th. Zacks Research upgraded Lifetime Brands from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Finally, Canaccord Genuity Group lifted their price target on Lifetime Brands from $6.00 to $7.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $9.50.
Get Our Latest Stock Analysis on LCUT
Lifetime Brands Company Profile
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Get Free Report)
Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.
In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef'sChoice.
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