Lifetime Brands (NASDAQ:LCUT) Director Sells $110,166.80 in Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 11,560 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $9.53, for a total value of $110,166.80. Following the completion of the transaction, the director directly owned 1,166,337 shares in the company, valued at approximately $11,115,191.61. This represents a 0.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

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

Lifetime Brands Stock Performance

Shares of Lifetime Brands stock traded down $0.29 during trading hours on Wednesday, reaching $9.13. 143,377 shares of the stock traded hands, compared to its average volume of 187,157. The company has a 50 day moving average price of $8.71 and a 200 day moving average price of $6.97. The firm has a market capitalization of $209.90 million, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.33 and a beta of 1.00. Lifetime Brands, Inc. has a one year low of $2.90 and a one year high of $10.17. 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 (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.18 EPS for the quarter, beating 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 firm had revenue of $141.57 million during the quarter, compared to analyst estimates of $136.64 million. On average, equities research analysts expect that Lifetime Brands, Inc. will post 2.08 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given 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 11.89%.

Analyst Ratings Changes

LCUT has been the topic of several recent research reports. Wall Street Zen upgraded shares of Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Zacks Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Roth Capital reaffirmed a “buy” rating and issued a $12.00 target price on shares of Lifetime Brands in a report on Tuesday, August 11th. 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 report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifetime Brands in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Institutional Investors Weigh In On Lifetime Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LCUT. JB Capital Partners LP bought a new stake in Lifetime Brands during the 2nd quarter worth approximately $13,820,463,000. BlackRock Inc. bought a new position in shares of Lifetime Brands in the second quarter worth approximately $8,092,000. Martin & Co. Inc. TN bought a new position in shares of Lifetime Brands in the second quarter worth approximately $3,799,000. Empowered Funds LLC purchased a new stake in shares of Lifetime Brands in the second quarter worth $1,139,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Lifetime Brands by 16.8% in the second 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 in the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

About Lifetime Brands

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.