Jeffrey Siegel Sells 11,560 Shares of Lifetime Brands (NASDAQ:LCUT) Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 11,560 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $9.53, for a total transaction of $110,166.80. Following the transaction, the director owned 1,166,337 shares of the company’s stock, valued at $11,115,191.61. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 20th, Jeffrey Siegel sold 2,571 shares of Lifetime Brands stock. The shares were sold at an average price of $9.51, for a total transaction of $24,450.21.

Lifetime Brands Stock Up 0.9%

Shares of NASDAQ LCUT opened at $9.21 on Friday. The firm has a market cap of $211.73 million, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 0.31 and a beta of 1.00. The company’s 50-day simple moving average is $8.74 and its 200-day simple moving average is $7.05. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51. Lifetime Brands, Inc. has a 52-week low of $2.90 and a 52-week high of $10.17.

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

Lifetime Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.0425 per share. The ex-dividend date of this dividend 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 is presently 11.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wall Street Zen raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Canaccord Genuity Group lifted their target price on shares of Lifetime Brands from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Roth Capital reaffirmed a “buy” rating and set a $12.00 target price on shares of Lifetime Brands in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifetime Brands in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lifetime Brands presently has an average rating of “Moderate Buy” and an average price target of $9.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LCUT. JB Capital Partners LP purchased a new stake in shares of Lifetime Brands in the second quarter valued at approximately $13,820,463,000. BlackRock Inc. purchased a new stake in Lifetime Brands in the 2nd quarter valued at $8,092,000. Ameriprise Financial Inc. increased its stake in shares of 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 acquiring an additional 4,703 shares during the last quarter. Martin & Co. Inc. TN purchased a new position in shares of Lifetime Brands during the 2nd quarter worth $3,799,000. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Lifetime Brands by 3.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock worth $942,000 after acquiring an additional 8,820 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.