Insider Selling: Lifetime Brands (NASDAQ:LCUT) Director Sells 7,359 Shares of Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 7,359 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $9.51, for a total value of $69,984.09. Following the transaction, the director owned 1,158,978 shares in the company, valued at approximately $11,021,880.78. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 transaction of $1,833.50.
• On Monday, August 24th, Jeffrey Siegel sold 11,560 shares of Lifetime Brands stock. The shares were 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 stock was sold at an average price of $9.51, for a total transaction of $24,450.21.

Lifetime Brands Trading Up 4.0%

Shares of NASDAQ LCUT traded up $0.36 during midday trading on Wednesday, reaching $9.35. The stock had a trading volume of 249,662 shares, compared to its average volume of 187,651. The firm has a market cap of $214.96 million, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 0.33 and a beta of 0.98. The company’s 50 day moving average price is $8.79 and its 200 day moving average price is $7.18. 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, Inc. has a twelve month low of $2.90 and a twelve month high of $10.17.

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

Lifetime Brands Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AXQ Capital LP purchased a new stake in Lifetime Brands during the 2nd quarter worth $93,000. Hsbc Holdings PLC lifted its holdings in Lifetime Brands by 6.2% during the 2nd quarter. Hsbc Holdings PLC now owns 21,099 shares of the company’s stock worth $190,000 after buying an additional 1,237 shares during the last quarter. Empowered Funds LLC bought a new stake in Lifetime Brands during the second quarter valued at $1,139,000. Public Employees Retirement System of Ohio bought a new stake in shares of Lifetime Brands during the 2nd quarter valued at about $61,000. Finally, Bank of America Corp DE acquired a new stake in shares of Lifetime Brands during the 2nd quarter worth approximately $411,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

Wall Street Analyst Weigh In

LCUT has been the topic of several analyst reports. Wall Street Zen upgraded shares of Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Zacks Research upgraded shares of Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lifetime Brands in a report on Monday, July 6th. Canaccord Genuity Group boosted their price objective on Lifetime Brands from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Finally, Roth Capital reissued a “buy” rating and set a $12.00 price target on shares of Lifetime Brands in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Lifetime Brands Company Profile

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.