Lifetime Brands, Inc. (NASDAQ:LCUT) Director Craig Phillips sold 7,500 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $19.11, for a total transaction of $143,325.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Lifetime Brands, Inc. (NASDAQ:LCUT) traded up 1.85% during trading on Friday, hitting $19.25. 10,099 shares of the stock were exchanged. Lifetime Brands, Inc. has a 52 week low of $13.50 and a 52 week high of $21.20. The stock has a market cap of $284.86 million, a P/E ratio of 15.28 and a beta of 1.02. The stock has a 50 day moving average of $18.32 and a 200-day moving average of $18.58.
Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Tuesday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.11). The firm had revenue of $117.40 million during the quarter, compared to the consensus estimate of $121.59 million. Lifetime Brands had a return on equity of 10.27% and a net margin of 2.99%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS. Equities analysts expect that Lifetime Brands, Inc. will post $1.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.17 annualized dividend and a dividend yield of 0.88%. Lifetime Brands’s dividend payout ratio is presently 14.05%.
Separately, BidaskClub raised shares of Lifetime Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th.
Several hedge funds and other institutional investors have recently modified their holdings of LCUT. Clark Estates Inc. NY bought a new position in shares of Lifetime Brands in the second quarter worth approximately $3,169,000. Northern Trust Corp lifted its stake in shares of Lifetime Brands by 28.5% in the second quarter. Northern Trust Corp now owns 493,763 shares of the company’s stock worth $8,961,000 after buying an additional 109,478 shares in the last quarter. Renaissance Technologies LLC lifted its position in Lifetime Brands by 52.2% during the first quarter. Renaissance Technologies LLC now owns 213,100 shares of the company’s stock valued at $4,283,000 after purchasing an additional 73,100 shares during the period. Algert Global LLC lifted its position in Lifetime Brands by 84.3% during the second quarter. Algert Global LLC now owns 96,973 shares of the company’s stock valued at $1,760,000 after purchasing an additional 44,348 shares during the period. Finally, ClariVest Asset Management LLC lifted its position in Lifetime Brands by 693.6% during the second quarter. ClariVest Asset Management LLC now owns 45,688 shares of the company’s stock valued at $830,000 after purchasing an additional 39,931 shares during the period. Hedge funds and other institutional investors own 57.15% 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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