Jeffrey Siegel Sells 11,560 Shares of Lifetime Brands (NASDAQ:LCUT) Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 11,560 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $9.53, for a total value of $110,166.80. Following the completion of the sale, the director directly owned 1,166,337 shares in the company, valued at approximately $11,115,191.61. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 Stock Down 3.1%

Shares of LCUT traded down $0.29 during trading hours on Wednesday, hitting $9.13. The company had a trading volume of 143,377 shares, compared to its average volume of 187,157. The firm has a fifty day moving average price of $8.71 and a 200-day moving average price of $6.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The stock has a market capitalization of $209.90 million, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.33 and a beta of 1.00. Lifetime Brands, Inc. has a 52-week low of $2.90 and a 52-week high of $10.17.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $1.39. The company 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%. On average, equities research analysts forecast that Lifetime Brands, Inc. will post 2.08 EPS for the current fiscal year.

Lifetime Brands Announces Dividend

The company also recently announced 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. This represents a $0.17 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 30th. Lifetime Brands’s dividend payout ratio is currently 11.89%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LCUT shares. 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 raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifetime Brands in a research note on Monday, July 6th. Zacks Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Roth Capital reissued a “buy” rating and issued a $12.00 target price on shares of Lifetime Brands in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Institutional Trading of Lifetime Brands

A number of institutional investors have recently made changes to their positions in the stock. Martin & Co. Inc. TN purchased a new stake in Lifetime Brands in the second quarter worth approximately $3,799,000. JB Capital Partners LP purchased a new stake in Lifetime Brands during the 2nd quarter valued at $13,820,463,000. Walleye Capital LLC purchased a new stake in Lifetime Brands during the 2nd quarter valued at $444,000. Empowered Funds LLC purchased a new stake in Lifetime Brands during the 2nd quarter valued at $1,139,000. Finally, Hsbc Holdings PLC bought a new position in shares of Lifetime Brands during the 2nd quarter valued at $190,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

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.