Insider Selling: Lifetime Brands (NASDAQ:LCUT) Director Sells $24,450.21 in Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 2,571 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $9.51, for a total value of $24,450.21. Following the completion of the transaction, the director owned 1,177,897 shares of the company’s stock, valued at $11,201,800.47. The trade was a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, August 24th, Jeffrey Siegel sold 11,560 shares of Lifetime Brands stock. The shares were sold at an average price of $9.53, for a total value of $110,166.80.

Lifetime Brands Trading Down 3.1%

LCUT opened at $9.13 on Thursday. Lifetime Brands, Inc. has a fifty-two week low of $2.90 and a fifty-two week high of $10.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99. The firm has a market capitalization of $209.90 million, a price-to-earnings ratio of 6.38, a PEG ratio of 0.32 and a beta of 1.00. The company’s 50 day moving average price is $8.73 and its two-hundred day moving average price is $7.01.

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

Lifetime Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.17 annualized dividend and a dividend yield of 1.9%. Lifetime Brands’s dividend payout ratio is presently 11.89%.

Institutional Investors Weigh In On Lifetime Brands

Hedge funds have recently added to or reduced their stakes in the company. JB Capital Partners LP bought a new position in Lifetime Brands during the 2nd quarter worth approximately $13,820,463,000. BlackRock Inc. purchased a new stake in shares of Lifetime Brands during the second quarter valued at approximately $8,092,000. Ameriprise Financial Inc. grew its holdings in shares of Lifetime Brands by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock worth $3,535,000 after purchasing an additional 4,703 shares during the last quarter. Martin & Co. Inc. TN purchased a new position in shares of Lifetime Brands in the second quarter worth $3,799,000. Finally, Bridgeway Capital Management LLC increased its stake in shares of Lifetime Brands by 3.8% in the third quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock worth $942,000 after buying an additional 8,820 shares during the period. Institutional investors own 40.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Lifetime Brands Company Profile

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.