Lifetime Brands, Inc. (NASDAQ:LCUT) Director Veronique Gabai-Pinsky Acquires 3,500 Shares

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Veronique Gabai-Pinsky acquired 3,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of $5.57 per share, with a total value of $19,495.00. Following the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at $19,495. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lifetime Brands Trading Down 0.4 %

LCUT traded down $0.02 during midday trading on Friday, hitting $5.66. The company’s stock had a trading volume of 11,681 shares, compared to its average volume of 75,659. The firm has a market cap of $125.43 million, a P/E ratio of -5.74, a PEG ratio of 0.72 and a beta of 1.26. Lifetime Brands, Inc. has a 52-week low of $5.25 and a 52-week high of $11.68. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $6.15 and a two-hundred day moving average price of $7.76.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The business had revenue of $183.84 million for the quarter, compared to analyst estimates of $193.90 million. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. During the same period last year, the firm earned $0.36 earnings per share. On average, research analysts anticipate that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.043 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 3.04%. Lifetime Brands’s payout ratio is -17.17%.

Analyst Ratings Changes

LCUT has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of Lifetime Brands from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Canaccord Genuity Group lowered their price target on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a report on Saturday, November 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. JB Capital Partners LP raised its position in shares of Lifetime Brands by 13.0% during the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after buying an additional 108,193 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Lifetime Brands by 88.0% in the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock worth $1,385,000 after purchasing an additional 75,475 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Lifetime Brands by 20.4% during the 2nd quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock valued at $2,737,000 after acquiring an additional 54,142 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Lifetime Brands in the second quarter worth about $450,000. Finally, Dimensional Fund Advisors LP lifted its stake in Lifetime Brands by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after acquiring an additional 38,471 shares in the last quarter. Institutional investors own 40.62% of the company’s stock.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.