Lifetime Brands, Inc. (LCUT) To Go Ex-Dividend on January 29th

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, January 29th will be given a dividend of $0.0425 per share on Friday, February 12th. This represents a $0.17 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, January 29th.

Lifetime Brands has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lifetime Brands to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 15.9%.

Lifetime Brands Stock Performance

Shares of LCUT traded down $1.12 during midday trading on Thursday, reaching $7.77. 274,373 shares of the stock were exchanged, compared to its average volume of 180,738. The stock’s 50 day simple moving average is $8.75 and its 200 day simple moving average is $7.20. The company has a market cap of $178.63 million, a P/E ratio of 5.43, a PEG ratio of 0.29 and a beta of 1.08. Lifetime Brands has a twelve month low of $2.90 and a twelve month high of $10.17. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, November 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. Lifetime Brands had a net margin of 4.81% and a return on equity of 26.39%. The company had revenue of $177.68 million for the quarter, compared to analysts’ expectations of $173.96 million. On average, sell-side analysts expect that Lifetime Brands will post 2.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. 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. Weiss Ratings cut Lifetime Brands from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Zacks Research downgraded Lifetime Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Finally, Canaccord Genuity Group upped their target price on Lifetime Brands from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.50.

About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells a broad range of kitchenware, tableware, and home products. Its offerings include cookware, bakeware, cutlery, kitchen tools and gadgets, food storage and pantry products, barware, coffee and tea accessories, and dining and entertaining products.

The company markets products under a portfolio of owned, licensed, and private-label brands, including Farberware, Mikasa, Pfaltzgraff, KitchenAid, Taylor, Rabbit, Chicago Cutlery, Kamenstein, and Towle.