Lifetime Brands Inc. (LCUT) Lifted to “Buy” at TheStreet
Shares of Lifetime Brands (NASDAQ:LCUT) opened at 16.15 on Tuesday. Lifetime Brands has a 12 month low of $11.29 and a 12 month high of $17.80. The company has a market cap of $233.06 million, a P/E ratio of 19.46 and a beta of 0.93. The company’s 50 day moving average is $14.17 and its 200 day moving average is $14.41.
Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Tuesday, November 8th. The company reported $0.51 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.51. The business had revenue of $170.10 million for the quarter, compared to the consensus estimate of $166.46 million. Lifetime Brands had a net margin of 2.05% and a return on equity of 7.67%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, equities research analysts predict that Lifetime Brands will post $1.02 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a $0.17 dividend on an annualized basis and a yield of 1.05%. Lifetime Brands’s dividend payout ratio is currently 20.73%.
In other Lifetime Brands news, major shareholder Mill Road Capital Ii, L.P. purchased 5,308 shares of the stock in a transaction dated Tuesday, September 20th. The stock was purchased at an average price of $12.56 per share, with a total value of $66,668.48. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.82% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of LCUT. GSA Capital Partners LLP boosted its stake in Lifetime Brands by 15.8% in the second quarter. GSA Capital Partners LLP now owns 103,287 shares of the company’s stock worth $1,507,000 after buying an additional 14,068 shares during the last quarter. Strs Ohio boosted its stake in Lifetime Brands by 11.2% in the second quarter. Strs Ohio now owns 32,000 shares of the company’s stock worth $466,000 after buying an additional 3,230 shares during the last quarter. Calvert Investment Management Inc. purchased a new stake in Lifetime Brands during the second quarter worth approximately $709,000. DIAM Co. Ltd. purchased a new stake in Lifetime Brands during the second quarter worth approximately $112,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Lifetime Brands by 122.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 38,360 shares of the company’s stock worth $559,000 after buying an additional 21,095 shares during the last quarter. 57.42% of the stock is owned by institutional investors.
About Lifetime Brands
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 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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