Lifetime Brands (NASDAQ:LCUT) Director Jeffrey Siegel Sells 2,571 Shares of Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 2,571 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $9.51, for a total value of $24,450.21. Following the completion of the sale, the director owned 1,177,897 shares of the company’s stock, valued at $11,201,800.47. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Lifetime Brands Stock Performance

Shares of LCUT stock traded up $0.31 on Monday, hitting $9.48. 245,212 shares of the stock traded hands, compared to its average volume of 187,506. The company’s fifty day moving average is $8.68 and its 200 day moving average is $6.88. Lifetime Brands, Inc. has a 1-year low of $2.90 and a 1-year high of $10.17. The company has a market capitalization of $217.95 million, a PE ratio of 6.63, a PEG ratio of 0.32 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $1.39. Lifetime Brands had a net margin of 4.81% and a return on equity of 26.39%. The firm had revenue of $141.57 million during the quarter, compared to the consensus estimate of $136.64 million. On average, equities research analysts predict that Lifetime Brands, Inc. will post 2.08 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LCUT shares. Canaccord Genuity Group boosted their price objective on shares of Lifetime Brands from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research raised shares of Lifetime Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a research note on Monday, July 6th. Wall Street Zen raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Finally, Roth Capital reiterated a “buy” rating and set a $12.00 price target on shares of Lifetime Brands in a research report on Tuesday, August 11th. One equities research 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, Lifetime Brands has an average rating of “Moderate Buy” and an average price target of $9.50.

Institutional Trading of Lifetime Brands

Large investors have recently modified their holdings of the company. JB Capital Partners LP acquired a new position in Lifetime Brands during the 2nd quarter valued at about $13,820,463,000. Martin & Co. Inc. TN acquired a new stake in shares of Lifetime Brands in the second quarter valued at approximately $3,799,000. Walleye Capital LLC bought a new stake in shares of Lifetime Brands during the second quarter valued at approximately $444,000. Empowered Funds LLC bought a new stake in shares of Lifetime Brands during the second quarter valued at approximately $1,139,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Lifetime Brands during the second quarter worth approximately $190,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

Lifetime Brands Company Profile

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.