Lifetime Brands, Inc. (NASDAQ:LCUT) President Sells $12,841.70 in Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) President Daniel Siegel sold 2,285 shares of Lifetime Brands stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $5.62, for a total value of $12,841.70. Following the sale, the president now owns 3,400 shares of the company’s stock, valued at approximately $19,108. This trade represents a 40.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Daniel Siegel also recently made the following trade(s):

• On Tuesday, November 19th, Daniel Siegel sold 1,048 shares of Lifetime Brands stock. The stock was sold at an average price of $5.60, for a total transaction of $5,868.80.

Lifetime Brands Price Performance

LCUT stock opened at $5.76 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. Lifetime Brands, Inc. has a one year low of $5.25 and a one year high of $11.68. The stock has a market cap of $127.64 million, a PE ratio of -5.82, a P/E/G ratio of 0.74 and a beta of 1.26. The firm has a 50 day simple moving average of $6.13 and a two-hundred day simple moving average of $7.74.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The business had revenue of $183.84 million during the quarter, compared to analysts’ expectations of $193.90 million. During the same period last year, the company posted $0.36 EPS. On average, analysts predict that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.

Lifetime Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.043 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.99%. Lifetime Brands’s dividend payout ratio (DPR) is -17.17%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LCUT. StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Canaccord Genuity Group cut their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, DA Davidson boosted their price target on shares of Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Monday, August 12th.

Institutional Investors Weigh In On Lifetime Brands

A number of institutional investors have recently made changes to their positions in LCUT. JB Capital Partners LP boosted its stake in shares of Lifetime Brands by 13.0% in the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after purchasing an additional 108,193 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Lifetime Brands by 88.0% in the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after purchasing an additional 75,475 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Lifetime Brands by 20.4% in the 2nd quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock valued at $2,737,000 after purchasing an additional 54,142 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of Lifetime Brands in the 2nd quarter valued at $450,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Lifetime Brands by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock valued at $10,449,000 after purchasing an additional 38,471 shares in the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.