Jeffrey Siegel Sells 7,359 Shares of Lifetime Brands (NASDAQ:LCUT) Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 7,359 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $9.51, for a total transaction of $69,984.09. Following the completion of the sale, the director owned 1,158,978 shares in the company, valued at approximately $11,021,880.78. The trade was a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 transaction 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 transaction of $110,166.80.
• 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 Performance

NASDAQ LCUT opened at $8.81 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99. The firm has a market capitalization of $202.54 million, a price-to-earnings ratio of 6.16, a P/E/G ratio of 0.32 and a beta of 0.98. The company’s fifty day moving average is $8.82 and its two-hundred day moving average is $7.26. Lifetime Brands, Inc. has a 52-week low of $2.90 and a 52-week high of $10.17.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $1.39. The company had revenue of $141.57 million for 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 research analysts forecast that Lifetime Brands, Inc. will post 2.08 EPS for the current year.

Lifetime Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, October 30th. Lifetime Brands’s payout ratio is currently 11.89%.

Analyst Ratings Changes

A number of analysts have commented on LCUT shares. Zacks Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. 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. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a research note on Monday, July 6th. Wall Street Zen upgraded Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Finally, Canaccord Genuity Group raised their target price on Lifetime Brands from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lifetime Brands currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. JB Capital Partners LP bought a new stake in shares of Lifetime Brands in the 2nd quarter valued at approximately $13,820,463. Martin & Co. Inc. TN acquired a new position in shares of Lifetime Brands in the 2nd quarter worth approximately $3,799,000. Walleye Capital LLC acquired a new position in shares of Lifetime Brands in the 2nd quarter worth approximately $444,000. Empowered Funds LLC bought a new position in shares of Lifetime Brands during the 2nd quarter worth approximately $1,139,000. Finally, Hsbc Holdings PLC bought a new position in shares of Lifetime Brands during the 2nd 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.