Lifetime Brands, Inc. (NASDAQ:LCUT – Get Free Report) Director Jeffrey Siegel sold 2,571 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $9.51, for a total value of $24,450.21. Following the sale, the director owned 1,177,897 shares in the company, valued at approximately $11,201,800.47. This represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Lifetime Brands Stock Down 0.6%
Shares of LCUT stock opened at $9.42 on Wednesday. Lifetime Brands, Inc. has a one year low of $2.90 and a one year high of $10.17. 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 stock has a fifty day moving average price of $8.71 and a 200 day moving average price of $6.97. The stock has a market cap of $216.57 million, a P/E ratio of 6.59, a price-to-earnings-growth ratio of 0.33 and a beta of 1.00.
Lifetime Brands (NASDAQ:LCUT – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $1.39. Lifetime Brands had a net margin of 4.81% and a return on equity of 26.39%. The firm had revenue of $141.57 million for the quarter, compared to analyst estimates of $136.64 million. Analysts predict that Lifetime Brands, Inc. will post 2.08 earnings per share for the current year.
Lifetime Brands Dividend Announcement
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Lifetime Brands during the 2nd quarter worth approximately $61,000. AXQ Capital LP acquired a new position in Lifetime Brands in the second quarter worth $93,000. Deutsche Bank AG acquired a new position in Lifetime Brands in the second quarter worth $102,000. Qube Research & Technologies Ltd bought a new stake in shares of Lifetime Brands during the second quarter worth $88,000. Finally, Algert Global LLC acquired a new stake in shares of Lifetime Brands in the second quarter valued at $152,000. Institutional investors own 40.62% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Wall Street Zen raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a research report on Monday, July 6th. Canaccord Genuity Group boosted their price target on Lifetime Brands from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Roth Capital reiterated a “buy” rating and issued a $12.00 price target on shares of Lifetime Brands in a research report on Tuesday, August 11th. Finally, Zacks Research raised Lifetime Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lifetime Brands has a consensus rating of “Moderate Buy” and an average price target of $9.50.
Read Our Latest Stock Analysis on LCUT
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.
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