Insider Selling: 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 business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $9.53, for a total transaction of $110,166.80. Following the completion of the sale, the director directly owned 1,166,337 shares in the company, valued at $11,115,191.61. This trade represents a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 Price Performance

Shares of Lifetime Brands stock opened at $9.22 on Friday. The firm has a market cap of $211.97 million, a P/E ratio of 6.45, a price-to-earnings-growth ratio of 0.32 and a beta of 1.00. The firm’s 50-day simple moving average is $8.76 and its 200-day simple moving average is $7.07. Lifetime Brands, Inc. has a twelve month low of $2.90 and a twelve month high of $10.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $1.39. The firm had revenue of $141.57 million during the quarter, compared to analyst estimates of $136.64 million. Lifetime Brands had a net margin of 4.81% and a return on equity of 26.39%. As a group, research analysts expect that Lifetime Brands, Inc. will post 2.08 EPS for the current fiscal year.

Lifetime Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.17 annualized dividend and a yield of 1.8%. Lifetime Brands’s payout ratio is currently 11.89%.

Institutional Investors Weigh In On Lifetime Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its position in shares of Lifetime Brands by 6.2% during the second quarter. Hsbc Holdings PLC now owns 21,099 shares of the company’s stock worth $190,000 after purchasing an additional 1,237 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Lifetime Brands by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock valued at $3,535,000 after purchasing an additional 4,703 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Lifetime Brands by 39.0% in the first quarter. Bank of America Corp DE now owns 20,722 shares of the company’s stock valued at $119,000 after purchasing an additional 5,809 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Lifetime Brands in the 2nd quarter worth approximately $61,000. Finally, Empowered Funds LLC raised its position in Lifetime Brands by 7.3% in the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock worth $535,000 after purchasing an additional 7,385 shares during the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.