Lifetime Brands, Inc. (LCUT) To Go Ex-Dividend on January 30th

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.0425 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Friday, January 30th.

Lifetime Brands has a dividend payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Lifetime Brands to earn $0.74 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 23.0%.

Lifetime Brands Stock Performance

Shares of LCUT stock traded down $0.03 during trading hours on Thursday, reaching $3.05. The company had a trading volume of 28,913 shares, compared to its average volume of 60,896. The business has a fifty day moving average price of $3.71 and a 200-day moving average price of $3.88. Lifetime Brands has a one year low of $2.89 and a one year high of $7.05. The firm has a market cap of $68.36 million, a PE ratio of -1.92 and a beta of 1.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.94 and a current ratio of 2.65.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $171.91 million during the quarter, compared to analyst estimates of $178.76 million. Lifetime Brands had a negative net margin of 5.16% and a positive return on equity of 0.12%. Sell-side analysts predict that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lifetime Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. JB Capital Partners LP raised its position in shares of Lifetime Brands by 16.0% in the 1st quarter. JB Capital Partners LP now owns 1,447,621 shares of the company’s stock valued at $7,050,000 after purchasing an additional 199,500 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Lifetime Brands by 270.1% in the 1st quarter. Bank of New York Mellon Corp now owns 140,710 shares of the company’s stock valued at $694,000 after purchasing an additional 102,691 shares during the last quarter. SageView Advisory Group LLC raised its position in shares of Lifetime Brands by 60.4% in the 1st quarter. SageView Advisory Group LLC now owns 55,546 shares of the company’s stock valued at $274,000 after purchasing an additional 20,906 shares during the last quarter. Nuveen LLC purchased a new position in shares of Lifetime Brands in the 1st quarter valued at approximately $82,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Lifetime Brands in the 2nd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

About Lifetime Brands

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.