Lifetime Brands (NASDAQ:LCUT) Director Jeffrey Siegel Sells 2,571 Shares of Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 2,571 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $9.51, for a total transaction of $24,450.21. Following the completion of the transaction, the director directly owned 1,177,897 shares in the company, valued at approximately $11,201,800.47. The trade was a 0.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Lifetime Brands Stock Performance

Shares of LCUT opened at $9.48 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The stock has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $6.93. The firm has a market capitalization of $217.94 million, a P/E ratio of 6.63, a P/E/G ratio of 0.32 and a beta of 1.00. Lifetime Brands, Inc. has a 52 week low of $2.90 and a 52 week high of $10.17.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of ($0.21) by $1.39. Lifetime Brands had a return on equity of 26.39% and a net margin of 4.81%.The firm had revenue of $141.57 million during the quarter, compared to the consensus estimate of $136.64 million. Equities analysts forecast that Lifetime Brands, Inc. will post 2.08 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.0425 per share. The ex-dividend date is Friday, October 30th. This represents a $0.17 annualized dividend and a yield of 1.8%. Lifetime Brands’s dividend payout ratio (DPR) is 11.89%.

Institutional Investors Weigh In On Lifetime Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of LCUT. Empowered Funds LLC boosted its position in shares of Lifetime Brands by 7.3% in the first quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock valued at $535,000 after acquiring an additional 7,385 shares during the period. Qube Research & Technologies Ltd bought a new stake in Lifetime Brands during the 2nd quarter worth approximately $88,000. Ameriprise Financial Inc. lifted its stake in Lifetime Brands by 16.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 908,722 shares of the company’s stock worth $4,634,000 after purchasing an additional 130,650 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Lifetime Brands in the 3rd quarter worth approximately $118,000. Finally, Bridgeway Capital Management LLC boosted its holdings in Lifetime Brands by 3.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock valued at $942,000 after purchasing an additional 8,820 shares during the period. Institutional investors own 40.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LCUT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lifetime Brands in a research report on Monday, July 6th. Canaccord Genuity Group boosted their target price on Lifetime Brands from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Roth Capital reaffirmed a “buy” rating and issued a $12.00 target price on shares of Lifetime Brands in a report on Tuesday, August 11th. Zacks Research raised Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lifetime Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

About Lifetime Brands

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.