Lifetime Brands (NASDAQ:LCUT) Director Sells $69,984.09 in Stock

Key Points

  • Director Jeffrey Siegel sold 7,359 Lifetime Brands shares for approximately $69,984 at an average price of $9.51, reducing his ownership by 0.63% to 1.16 million shares. He also made three other stock sales in August and September.
  • Lifetime Brands reported quarterly EPS of $1.18, beating the consensus estimate of a $0.21 loss, while revenue of $141.57 million exceeded analyst expectations of $136.64 million.
  • The company announced a quarterly dividend of $0.0425 per share, or $0.17 annualized, representing a 1.8% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $9.50.

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) Director Jeffrey Siegel sold 7,359 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $9.51, for a total transaction of $69,984.09. Following the sale, the director directly owned 1,158,978 shares in the company, valued at approximately $11,021,880.78. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeffrey Siegel also recently made the following trade(s):

  • On Wednesday, September 2nd, Jeffrey Siegel sold 193 shares of Lifetime Brands stock. The shares were sold at an average price of $9.50, for a total value of $1,833.50.
  • On Monday, August 24th, Jeffrey Siegel sold 11,560 shares of Lifetime Brands stock. The shares were sold at an average price of $9.53, for a total value of $110,166.80.
  • On Thursday, August 20th, Jeffrey Siegel sold 2,571 shares of Lifetime Brands stock. The stock was sold at an average price of $9.51, for a total value of $24,450.21.

Lifetime Brands Stock Performance

Shares of LCUT stock opened at $9.35 on Thursday. The company has a market capitalization of $214.95 million, a P/E ratio of 6.54, a P/E/G ratio of 0.31 and a beta of 0.98. The business's 50 day moving average is $8.82 and its two-hundred day moving average is $7.22. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. Lifetime Brands, Inc. has a 12-month low of $2.90 and a 12-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, beating the consensus estimate of ($0.21) by $1.39. The company had revenue of $141.57 million for 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%. Analysts expect that Lifetime Brands, Inc. will post 2.08 EPS for the current fiscal year.

Lifetime Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.0425 per share. The ex-dividend date is Friday, October 30th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.8%. Lifetime Brands's dividend payout ratio (DPR) is 11.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LCUT. Public Employees Retirement System of Ohio purchased a new position in Lifetime Brands during the second quarter worth approximately $61,000. Qube Research & Technologies Ltd acquired a new position in Lifetime Brands during the second quarter worth $88,000. AXQ Capital LP purchased a new stake in Lifetime Brands in the 2nd quarter valued at $93,000. Deutsche Bank AG purchased a new stake in Lifetime Brands in the 2nd quarter valued at $102,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lifetime Brands in the 3rd quarter worth $118,000. Hedge funds and other institutional investors own 40.62% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on LCUT. 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. Canaccord Genuity Group raised their price target on shares of Lifetime Brands from $6.00 to $7.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. Zacks Research upgraded Lifetime Brands from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lifetime Brands in a report on Monday, July 6th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $9.50.

Get Our Latest Stock Analysis on Lifetime Brands

About Lifetime Brands

(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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