Lifetime Brands, Inc. (LCUT) Vice Chairman Ronald Shiftan Sells 4,480 Shares
Lifetime Brands, Inc. (NASDAQ:LCUT) Vice Chairman Ronald Shiftan sold 4,480 shares of Lifetime Brands stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $16.92, for a total value of $75,801.60. Following the sale, the insider now directly owns 130,823 shares of the company’s stock, valued at approximately $2,213,525.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Lifetime Brands, Inc. (LCUT) opened at 16.90 on Tuesday. Lifetime Brands, Inc. has a 12-month low of $12.03 and a 12-month high of $21.20. The company has a 50 day moving average price of $18.19 and a 200 day moving average price of $18.18. The stock has a market cap of $250.09 million, a P/E ratio of 14.04 and a beta of 0.98.
Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.11. The company had revenue of $117.40 million for the quarter, compared to analyst estimates of $121.59 million. Lifetime Brands had a net margin of 2.99% and a return on equity of 10.27%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. Analysts anticipate that Lifetime Brands, Inc. will post $1.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, October 31st. Lifetime Brands’s dividend payout ratio is currently 14.05%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of LCUT. Dynamic Technology Lab Private Ltd bought a new stake in Lifetime Brands during the second quarter valued at approximately $191,000. Susquehanna International Group LLP bought a new stake in Lifetime Brands during the second quarter valued at approximately $229,000. Tower Research Capital LLC TRC bought a new stake in Lifetime Brands during the second quarter valued at approximately $174,000. State Street Corp boosted its stake in Lifetime Brands by 4.6% in the second quarter. State Street Corp now owns 182,196 shares of the company’s stock valued at $3,307,000 after buying an additional 8,077 shares during the period. Finally, GLG Partners LP bought a new stake in Lifetime Brands during the second quarter valued at approximately $312,000. 57.15% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on LCUT shares. BidaskClub upgraded Lifetime Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Sidoti raised Lifetime Brands from a “neutral” rating to a “buy” rating in a research note on Friday, May 26th.
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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