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

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

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

• On Wednesday, September 2nd, Jeffrey Siegel sold 193 shares of Lifetime Brands stock. The stock was sold at an average price of $9.50, for a total value of $1,833.50.
• On Monday, August 24th, Jeffrey Siegel sold 11,560 shares of Lifetime Brands stock. The stock was sold at an average price of $9.53, for a total value 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

Shares of Lifetime Brands stock opened at $9.35 on Thursday. The firm has a market capitalization of $214.95 million, a P/E ratio of 6.54, a PEG ratio of 0.31 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $8.82 and a 200 day moving average price of $7.22. 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 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. Lifetime Brands had a net margin of 4.81% and a return on equity of 26.39%. The company had revenue of $141.57 million for the quarter, compared to the consensus estimate of $136.64 million. Sell-side analysts expect that Lifetime Brands, Inc. will post 2.08 EPS for the current year.

Lifetime Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 payout ratio is 11.89%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Roth Capital reaffirmed a “buy” rating and set a $12.00 price target on shares of Lifetime Brands in a research report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lifetime Brands in a report on Monday, July 6th. Canaccord Genuity Group raised their price objective on Lifetime Brands from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Finally, Zacks Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.50.

Institutional Trading of Lifetime Brands

A number of hedge funds have recently modified their holdings of the stock. Empowered Funds LLC raised its position in Lifetime Brands by 7.3% during the first quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock valued at $535,000 after acquiring an additional 7,385 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in Lifetime Brands in the 2nd quarter worth approximately $88,000. Ameriprise Financial Inc. grew its stake in shares of Lifetime Brands by 16.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 908,722 shares of the company’s stock worth $4,634,000 after purchasing an additional 130,650 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lifetime Brands during the 3rd quarter worth approximately $118,000. Finally, Bridgeway Capital Management LLC increased 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 valued at $942,000 after purchasing an additional 8,820 shares in the last quarter. Hedge funds and other institutional investors 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.