Insider Selling: Lifetime Brands (NASDAQ:LCUT) Director Sells $69,984.09 in Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 7,359 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $9.51, for a total value of $69,984.09. Following the completion of the sale, the director owned 1,158,978 shares in the company, valued at approximately $11,021,880.78. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, September 2nd, Jeffrey Siegel sold 193 shares of Lifetime Brands stock. The stock was sold at an average price of $9.50, for a total value of $1,833.50.
• On Monday, August 24th, Jeffrey Siegel sold 11,560 shares of Lifetime Brands stock. The stock was sold at an average price of $9.53, for a total value of $110,166.80.
• On Thursday, August 20th, Jeffrey Siegel sold 2,571 shares of Lifetime Brands stock. The shares were sold at an average price of $9.51, for a total value of $24,450.21.

Lifetime Brands Price Performance

LCUT stock traded up $0.36 during trading on Wednesday, hitting $9.35. The company had a trading volume of 249,662 shares, compared to its average volume of 187,651. The firm has a market capitalization of $214.96 million, a price-to-earnings ratio of 6.54, a P/E/G ratio of 0.33 and a beta of 0.98. The business has a 50 day moving average of $8.79 and a 200 day moving average of $7.18. 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 current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51.

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

Lifetime Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors 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 dividend on an annualized basis and a yield of 1.8%. Lifetime Brands’s dividend payout ratio (DPR) is currently 11.89%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LCUT. Public Employees Retirement System of Ohio acquired a new stake in Lifetime Brands in the 2nd quarter worth approximately $61,000. Qube Research & Technologies Ltd acquired a new stake in shares of Lifetime Brands in the second quarter valued at about $88,000. AXQ Capital LP bought a new position in shares of Lifetime Brands in the second quarter worth about $93,000. Deutsche Bank AG bought a new position in Lifetime Brands in the 2nd quarter worth approximately $102,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lifetime Brands in the third quarter worth $118,000. Institutional investors own 40.62% of the company’s stock.

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.