Lifetime Brands, Inc. (NASDAQ:LCUT) President Sells $12,841.70 in Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) President Daniel Siegel sold 2,285 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.62, for a total transaction of $12,841.70. Following the transaction, the president now directly owns 3,400 shares in the company, valued at $19,108. The trade was a 40.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, November 19th, Daniel Siegel sold 1,048 shares of Lifetime Brands stock. The shares were sold at an average price of $5.60, for a total transaction of $5,868.80.

Lifetime Brands Stock Up 3.1 %

LCUT stock traded up $0.17 during trading hours on Thursday, hitting $5.68. The company’s stock had a trading volume of 38,211 shares, compared to its average volume of 75,942. The stock has a 50 day moving average price of $6.17 and a two-hundred day moving average price of $7.78. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. Lifetime Brands, Inc. has a 12 month low of $5.25 and a 12 month high of $11.68. The company has a market capitalization of $125.87 million, a PE ratio of -5.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.26.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The firm had revenue of $183.84 million during the quarter, compared to analyst estimates of $193.90 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. On average, equities research analysts expect that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, January 31st. Lifetime Brands’s dividend payout ratio is -17.17%.

Hedge Funds Weigh In On Lifetime Brands

A number of hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC raised its stake in shares of Lifetime Brands by 28.5% in the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after buying an additional 4,575 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Lifetime Brands by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 96,093 shares of the company’s stock valued at $628,000 after buying an additional 4,824 shares in the last quarter. Barclays PLC raised its stake in shares of Lifetime Brands by 38.7% in the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after buying an additional 5,302 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Lifetime Brands in the 2nd quarter worth about $87,000. Finally, Jane Street Group LLC bought a new stake in shares of Lifetime Brands in the 3rd quarter worth about $67,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on LCUT shares. Canaccord Genuity Group lowered their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, DA Davidson boosted their target price on shares of Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 12th.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.