Lifetime Brands, Inc. (NASDAQ:LCUT) Vice Chairman Ronald Shiftan sold 4,480 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $16.92, for a total value of $75,801.60. Following the completion of the sale, the insider now directly owns 130,823 shares in the company, valued at approximately $2,213,525.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Lifetime Brands, Inc. (LCUT) traded up 0.30% on Monday, reaching $16.90. The company’s stock had a trading volume of 18,519 shares. Lifetime Brands, Inc. has a 1-year low of $12.03 and a 1-year high of $21.20. The stock has a 50-day moving average of $18.19 and a 200 day moving average of $18.18. The stock has a market capitalization of $250.09 million, a PE ratio of 14.04 and a beta of 0.98.
Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.11. The company had revenue of $117.40 million during the quarter, compared to the consensus estimate of $121.59 million. Lifetime Brands had a net margin of 2.99% and a return on equity of 10.27%. Lifetime Brands’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. On average, equities analysts forecast that Lifetime Brands, Inc. will post $1.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, October 31st. Lifetime Brands’s dividend payout ratio is 14.05%.
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A number of large investors have recently made changes to their positions in the company. ClariVest Asset Management LLC purchased a new stake in shares of Lifetime Brands during the first quarter worth about $115,000. American International Group Inc. increased its stake in Lifetime Brands by 7.1% in the first quarter. American International Group Inc. now owns 6,802 shares of the company’s stock worth $137,000 after buying an additional 449 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Lifetime Brands during the second quarter worth $174,000. Wells Fargo & Company MN increased its stake in Lifetime Brands by 53.9% in the second quarter. Wells Fargo & Company MN now owns 10,281 shares of the company’s stock worth $186,000 after buying an additional 3,599 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Lifetime Brands during the second quarter worth $191,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.
Several research analysts have weighed in on LCUT shares. BidaskClub downgraded Lifetime Brands from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Sidoti upgraded Lifetime Brands from a “neutral” rating to a “buy” rating in a report on Friday, May 26th.
About Lifetime Brands
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
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