Lifetime Brands Inc. (LCUT) Trading Down 5.5%
Lifetime Brands Inc. (NASDAQ:LCUT) dropped 5.5% during trading on Friday . The stock traded as low as $13.38 and last traded at $13.39, with a volume of 68,044 shares trading hands. The stock had previously closed at $14.17.
Separately, Sidoti lowered shares of Lifetime Brands from a “buy” rating to a “neutral” rating in a research note on Thursday, April 21st.
The company has a market capitalization of $190.45 million and a P/E ratio of 19.18. The stock has a 50 day moving average of $15.29 and a 200 day moving average of $14.19.
Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.13. The company had revenue of $10.90 million for the quarter, compared to the consensus estimate of $120.01 million. Lifetime Brands’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) EPS. Equities research analysts expect that Lifetime Brands Inc. will post $1.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, July 28th.
In related news, COO Ronald Shiftan sold 5,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $14.03, for a total transaction of $70,150.00. Following the transaction, the chief operating officer now owns 141,022 shares in the company, valued at $1,978,538.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently raised its position in Lifetime Brands stock. GSA Capital Partners LLP boosted its stake in Lifetime Brands Inc. (NASDAQ:LCUT) by 11.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,219 shares of the company’s stock after buying an additional 8,735 shares during the period. GSA Capital Partners LLP owned approximately 0.59% of Lifetime Brands worth $1,090,000 at the end of the most recent reporting period.
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company has three business segments: U.S. Wholesale, which is the Company’s primary business that designs, markets and distributes its products to retailers and distributors; International, which operates certain business operations that are conducted outside the United States; and Retail Direct, which markets and sells a limited selection of its products through its Pfaltzgraff, Mikasa, Built NY, Fred & Friends and Lifetime Sterling Internet websites.
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