BidaskClub downgraded shares of Lifetime Brands (NASDAQ:LCUT) from a hold rating to a sell rating in a research report sent to investors on Thursday.

Shares of Lifetime Brands (LCUT) traded down $0.05 during midday trading on Thursday, reaching $16.90. 37,000 shares of the company were exchanged, compared to its average volume of 29,520. Lifetime Brands has a 1 year low of $13.80 and a 1 year high of $21.20. The firm has a market capitalization of $251.13, a price-to-earnings ratio of 13.67 and a beta of 0.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.43 and a current ratio of 3.31.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, November 9th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.30). Lifetime Brands had a return on equity of 9.12% and a net margin of 2.65%. The firm had revenue of $165.96 million for the quarter, compared to analyst estimates of $173.53 million. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year.

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 dividend of $0.043 per share. The ex-dividend date is Wednesday, January 31st. This represents a $0.17 dividend on an annualized basis and a yield of 1.02%. This is an increase from Lifetime Brands’s previous quarterly dividend of $0.04. Lifetime Brands’s dividend payout ratio (DPR) is currently 16.04%.

In related news, Director Craig Phillips sold 1,900 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $17.01, for a total transaction of $32,319.00. Following the completion of the sale, the director now directly owns 657,276 shares of the company’s stock, valued at approximately $11,180,264.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 14,498 shares of company stock worth $262,798. Insiders own 21.82% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Lifetime Brands by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 366,460 shares of the company’s stock valued at $7,366,000 after buying an additional 22,217 shares during the period. Geode Capital Management LLC lifted its position in Lifetime Brands by 11.4% in the 1st quarter. Geode Capital Management LLC now owns 91,809 shares of the company’s stock valued at $1,845,000 after purchasing an additional 9,364 shares during the last quarter. Bank of America Corp DE lifted its position in Lifetime Brands by 2.5% in the 1st quarter. Bank of America Corp DE now owns 19,766 shares of the company’s stock valued at $397,000 after purchasing an additional 477 shares during the last quarter. Strs Ohio lifted its position in Lifetime Brands by 8.4% in the 2nd quarter. Strs Ohio now owns 33,500 shares of the company’s stock valued at $608,000 after purchasing an additional 2,600 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its position in shares of Lifetime Brands by 693.6% during the 2nd quarter. ClariVest Asset Management LLC now owns 45,688 shares of the company’s stock worth $830,000 after buying an additional 39,931 shares in the last quarter. 57.43% of the stock is owned by institutional investors and hedge funds.

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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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