Lifetime Brands, Inc. (NASDAQ:LCUT) Director Craig Phillips sold 1,285 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $17.03, for a total transaction of $21,883.55. Following the completion of the sale, the director now directly owns 651,676 shares in the company, valued at approximately $11,098,042.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, November 24th, Craig Phillips sold 66 shares of Lifetime Brands stock. The shares were 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 shares were 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 shares were sold at an average price of $19.11, for a total transaction of $143,325.00.

Shares of Lifetime Brands, Inc. (LCUT) traded up $0.20 during trading hours on Wednesday, reaching $17.45. 16,500 shares of the company traded hands, compared to its average volume of 29,912. The stock has a market capitalization of $249.65, a PE ratio of 13.59 and a beta of 0.99. Lifetime Brands, Inc. has a 12 month low of $13.80 and a 12 month high of $21.20. The company has a current ratio of 3.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.62.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Lifetime Brands’s previous quarterly dividend of $0.04. Lifetime Brands’s payout ratio is currently 16.04%.

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

Separately, BidaskClub cut shares of Lifetime Brands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st.

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Lifetime Brands Company Profile

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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