Shares of Lifetime Brands Inc (NASDAQ:LCUT) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus price objective of $19.00 for the company, according to Zacks. Zacks has also assigned Lifetime Brands an industry rank of 189 out of 265 based on the ratings given to related companies.
Separately, Sidoti lowered shares of Lifetime Brands from a “buy” rating to a “neutral” rating in a research report on Thursday, March 16th.
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Shares of Lifetime Brands (NASDAQ:LCUT) traded down 1.96% during midday trading on Monday, hitting $20.00. 20,244 shares of the company traded hands. The stock’s 50-day moving average is $18.90 and its 200 day moving average is $16.46. The stock has a market capitalization of $291.30 million, a P/E ratio of 18.52 and a beta of 1.02. Lifetime Brands has a 12-month low of $12.03 and a 12-month high of $21.20.
Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Monday, March 13th. The company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.33. The business had revenue of $193.50 million for the quarter, compared to analyst estimates of $189.60 million. Lifetime Brands had a net margin of 2.05% and a return on equity of 7.67%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, analysts expect that Lifetime Brands will post $1.41 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be given a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, April 27th. Lifetime Brands’s dividend payout ratio is presently 20.73%.
In other Lifetime Brands news, major shareholder Mill Road Capital Ii, L.P. acquired 163,335 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were acquired at an average price of $18.04 per share, with a total value of $2,946,563.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 21.82% of the company’s stock.
Institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its position in Lifetime Brands by 13.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,334 shares of the company’s stock worth $130,000 after buying an additional 842 shares during the last quarter. Lombardia Capital Partners LLC acquired a new position in Lifetime Brands during the third quarter worth approximately $249,000. Teachers Advisors LLC increased its position in Lifetime Brands by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 16,979 shares of the company’s stock worth $301,000 after buying an additional 1,502 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Lifetime Brands during the fourth quarter worth approximately $345,000. Finally, Nationwide Fund Advisors increased its position in Lifetime Brands by 13.5% in the third quarter. Nationwide Fund Advisors now owns 85,237 shares of the company’s stock worth $1,147,000 after buying an additional 10,138 shares during the last quarter. Institutional investors and hedge funds own 57.46% of the company’s stock.
About Lifetime Brands
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
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