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

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Jeffrey Siegel sold 11,560 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 1,166,337 shares of the company’s stock, valued at approximately $11,115,191.61. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 Performance

Shares of NASDAQ:LCUT opened at $9.13 on Thursday. 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 business’s 50 day moving average price is $8.73 and its 200-day moving average price is $7.01. The firm has a market capitalization of $209.90 million, a PE ratio of 6.38, a P/E/G ratio of 0.32 and a beta of 1.00. Lifetime Brands, Inc. has a 1 year low of $2.90 and a 1 year high of $10.17.

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

Lifetime Brands Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Lifetime Brands

Several hedge funds and other institutional investors have recently bought and sold shares of LCUT. Martin & Co. Inc. TN purchased a new stake in shares of Lifetime Brands in the 2nd quarter valued at approximately $3,799,000. JB Capital Partners LP purchased a new stake in shares of Lifetime Brands during the 2nd quarter valued at approximately $13,820,463,000. Walleye Capital LLC acquired a new position in Lifetime Brands in the second quarter valued at approximately $444,000. Empowered Funds LLC acquired a new position in Lifetime Brands in the second quarter valued at approximately $1,139,000. Finally, Hsbc Holdings PLC acquired a new position in Lifetime Brands in the second quarter valued at approximately $190,000. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.