Lifetime Brands Inc (NASDAQ:LCUT) Director Craig Phillips sold 3,753 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $17.04, for a total transaction of $63,951.12. Following the completion of the transaction, the director now directly owns 647,561 shares in the company, valued at approximately $11,034,439.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Craig Phillips also recently made the following trade(s):

  • On Wednesday, December 13th, Craig Phillips sold 3,747 shares of Lifetime Brands stock. The stock was sold at an average price of $17.12, for a total transaction of $64,148.64.
  • On Monday, November 27th, Craig Phillips sold 1,285 shares of Lifetime Brands stock. The stock was sold at an average price of $17.03, for a total transaction of $21,883.55.
  • On Friday, November 24th, Craig Phillips sold 66 shares of Lifetime Brands stock. The stock was sold at an average price of $17.00, for a total transaction of $1,122.00.
  • On Tuesday, November 21st, Craig Phillips sold 1,900 shares of Lifetime Brands stock. The stock was sold at an average price of $17.01, for a total transaction of $32,319.00.
  • On Wednesday, October 11th, Craig Phillips sold 7,500 shares of Lifetime Brands stock. The stock was sold at an average price of $19.11, for a total transaction of $143,325.00.

Lifetime Brands Inc (NASDAQ LCUT) opened at $17.00 on Monday. The company has a market cap of $251.87, a price-to-earnings ratio of 13.71 and a beta of 0.94. Lifetime Brands Inc has a twelve month low of $13.80 and a twelve month high of $21.20. The company has a quick ratio of 1.43, a current ratio of 3.31 and a debt-to-equity ratio of 0.62.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.30). The company had revenue of $165.96 million during the quarter, compared to the consensus estimate of $173.53 million. Lifetime Brands had a return on equity of 9.12% and a net margin of 2.65%. Lifetime Brands’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.043 per share. The ex-dividend date is Wednesday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 1.01%. This is a positive change from Lifetime Brands’s previous quarterly dividend of $0.04. Lifetime Brands’s dividend payout ratio (DPR) is currently 16.19%.

Several hedge funds have recently added to or reduced their stakes in the stock. Martin & Co. Inc. TN bought a new position in shares of Lifetime Brands during the 3rd quarter valued at $1,311,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Lifetime Brands by 69.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 34,499 shares of the company’s stock valued at $632,000 after purchasing an additional 14,199 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Lifetime Brands by 59.9% during the 3rd quarter. Wells Fargo & Company MN now owns 16,441 shares of the company’s stock valued at $301,000 after purchasing an additional 6,160 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Lifetime Brands by 45.1% during the 3rd quarter. Bessemer Group Inc. now owns 13,200 shares of the company’s stock valued at $242,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of Lifetime Brands by 12.7% during the 3rd quarter. Nationwide Fund Advisors now owns 83,592 shares of the company’s stock valued at $1,530,000 after purchasing an additional 9,416 shares during the last quarter. 57.43% of the stock is currently owned by institutional investors.

Separately, BidaskClub lowered shares of Lifetime Brands from a “hold” rating to a “sell” rating in a report on Thursday.

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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.

Insider Buying and Selling by Quarter for Lifetime Brands (NASDAQ:LCUT)

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