Lifetime Brands, Inc. (LCUT) Director Craig Phillips Sells 1,285 Shares
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.
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