Lifetime Brands Inc (NASDAQ:LCUT) shares traded up 6.2% on Thursday . The stock traded as high as $9.36 and last traded at $9.29, 162,813 shares were traded during trading. An increase of 467% from the average session volume of 28,740 shares. The stock had previously closed at $8.75.
Several equities research analysts have recently commented on LCUT shares. ValuEngine cut shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research report on Monday, June 3rd. TheStreet cut shares of Lifetime Brands from a “c-” rating to a “d+” rating in a research report on Thursday, August 15th. Finally, Zacks Investment Research cut shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th.
The company’s 50-day moving average price is $7.89 and its 200 day moving average price is $9.01. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.01 and a current ratio of 2.67. The stock has a market capitalization of $160.64 million, a PE ratio of 33.18, a PEG ratio of 0.80 and a beta of 1.32.
Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, August 8th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.08). Lifetime Brands had a positive return on equity of 4.03% and a negative net margin of 0.06%. The company had revenue of $142.54 million during the quarter, compared to analysts’ expectations of $153.11 million. Analysts expect that Lifetime Brands Inc will post 0.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.043 dividend. This represents a $0.17 annualized dividend and a dividend yield of 1.85%. This is a boost from Lifetime Brands’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, July 31st. Lifetime Brands’s dividend payout ratio (DPR) is currently 60.71%.
Several large investors have recently bought and sold shares of LCUT. Russell Investments Group Ltd. lifted its position in shares of Lifetime Brands by 84.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 379,716 shares of the company’s stock worth $3,591,000 after purchasing an additional 174,227 shares during the period. Kennedy Capital Management Inc. lifted its position in shares of Lifetime Brands by 11.3% in the 1st quarter. Kennedy Capital Management Inc. now owns 1,128,643 shares of the company’s stock worth $10,666,000 after purchasing an additional 114,719 shares during the period. Boston Partners lifted its position in Lifetime Brands by 159.5% during the 2nd quarter. Boston Partners now owns 170,245 shares of the company’s stock valued at $1,611,000 after acquiring an additional 104,631 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Lifetime Brands by 13.9% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 466,758 shares of the company’s stock valued at $4,411,000 after acquiring an additional 57,035 shares during the period. Finally, Weber Alan W lifted its position in Lifetime Brands by 84.6% during the 2nd quarter. Weber Alan W now owns 120,000 shares of the company’s stock valued at $1,135,000 after acquiring an additional 55,000 shares during the period. 44.91% of the stock is owned by hedge funds and other institutional investors.
About Lifetime Brands (NASDAQ:LCUT)
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
Read More: Dividend Reinvestment Plan (DRIP)
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