Lifetime Brands, Inc. (LCUT) To Go Ex-Dividend on July 31st

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.0425 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, July 31st.

Lifetime Brands has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lifetime Brands to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 17.0%.

Lifetime Brands Price Performance

Shares of LCUT stock opened at $8.73 on Wednesday. Lifetime Brands has a 12-month low of $2.90 and a 12-month high of $9.80. The firm has a market capitalization of $199.52 million, a price-to-earnings ratio of -6.87, a price-to-earnings-growth ratio of 0.86 and a beta of 1.00. The company has a quick ratio of 1.26, a current ratio of 2.93 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average of $8.62 and a 200-day moving average of $6.21.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. The company had revenue of $143.51 million for the quarter, compared to analyst estimates of $137.58 million. Lifetime Brands had a positive return on equity of 8.01% and a negative net margin of 4.22%. On average, equities research analysts forecast that Lifetime Brands will post 0.73 earnings per share for the current year.

Institutional Trading of Lifetime Brands

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in shares of Lifetime Brands by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock worth $3,535,000 after acquiring an additional 4,703 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Lifetime Brands by 39.0% during the 1st quarter. Bank of America Corp DE now owns 20,722 shares of the company’s stock worth $119,000 after buying an additional 5,809 shares in the last quarter. Empowered Funds LLC grew its position in shares of Lifetime Brands by 7.3% during the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock worth $535,000 after buying an additional 7,385 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of Lifetime Brands by 3.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock valued at $942,000 after acquiring an additional 8,820 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Lifetime Brands by 14.3% during the first quarter. Renaissance Technologies LLC now owns 116,765 shares of the company’s stock worth $670,000 after acquiring an additional 14,614 shares in the last quarter. 40.62% of the stock is currently owned by institutional investors.

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.