Lifetime Brands (NASDAQ:LCUT) Director Sells $69,984.09 in Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 7,359 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 1,158,978 shares of the company’s stock, valued at $11,021,880.78. The trade was a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 value of $24,450.21.

Lifetime Brands Stock Performance

Shares of LCUT stock opened at $8.87 on Friday. The firm has a market capitalization of $203.92 million, a price-to-earnings ratio of 6.20, a PEG ratio of 0.30 and a beta of 0.98. The stock has a fifty day moving average of $8.85 and a 200 day moving average of $7.27. Lifetime Brands, Inc. has a 52 week low of $2.90 and a 52 week 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 issued its quarterly earnings data on Thursday, August 6th. The company reported $1.18 EPS 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 business had revenue of $141.57 million during the quarter, compared to analyst estimates of $136.64 million. As a group, research analysts expect that Lifetime Brands, Inc. will post 2.08 earnings per share for the current 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. This represents a $0.17 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, October 30th. Lifetime Brands’s dividend payout ratio is presently 11.89%.

Institutional Trading of Lifetime Brands

A number of hedge funds have recently made changes to their positions in the stock. JB Capital Partners LP purchased a new stake in shares of Lifetime Brands in the second quarter worth $13,820,463. BlackRock Inc. purchased a new position in shares of Lifetime Brands in the 2nd quarter worth about $8,092,000. Martin & Co. Inc. TN purchased a new position in shares of Lifetime Brands in the 2nd quarter worth about $3,799,000. Empowered Funds LLC bought a new position in Lifetime Brands in the 2nd quarter worth about $1,139,000. Finally, Ameriprise Financial Inc. boosted its stake in Lifetime Brands by 16.8% in 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 in the last quarter. 40.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LCUT. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifetime Brands in a report on Monday, July 6th. Roth Capital restated a “buy” rating and issued a $12.00 target price on shares of Lifetime Brands in a research note on Tuesday, August 11th. Canaccord Genuity Group lifted their price target on Lifetime Brands from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Finally, Zacks Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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.