Craig Phillips Sells 7,500 Shares of Lifetime Brands, Inc. (LCUT) Stock
Lifetime Brands, Inc. (NASDAQ:LCUT) Director Craig Phillips sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $19.11, for a total transaction of $143,325.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Lifetime Brands, Inc. (NASDAQ LCUT) remained flat at $19.10 during midday trading on Thursday. The stock had a trading volume of 11,963 shares. Lifetime Brands, Inc. has a 12 month low of $13.05 and a 12 month high of $21.20. The stock has a 50 day moving average price of $17.89 and a 200-day moving average price of $18.61. The firm has a market capitalization of $282.64 million, a price-to-earnings ratio of 15.86 and a beta of 1.02.
Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.11). Lifetime Brands had a return on equity of 10.27% and a net margin of 2.99%. The business had revenue of $117.40 million during the quarter, compared to analysts’ expectations of $121.59 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Lifetime Brands’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts forecast that Lifetime Brands, Inc. will post $1.32 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a $0.0425 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.17 dividend on an annualized basis and a yield of 0.89%. Lifetime Brands’s dividend payout ratio (DPR) is 14.05%.
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Separately, BidaskClub downgraded shares of Lifetime Brands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st.
Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in Lifetime Brands by 11.4% in the 1st quarter. Geode Capital Management LLC now owns 91,809 shares of the company’s stock valued at $1,845,000 after purchasing an additional 9,364 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Lifetime Brands by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 366,460 shares of the company’s stock valued at $7,366,000 after purchasing an additional 22,217 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Lifetime Brands by 6.4% in the 1st quarter. Bank of New York Mellon Corp now owns 96,845 shares of the company’s stock valued at $1,946,000 after purchasing an additional 5,848 shares in the last quarter. Bank of America Corp DE lifted its holdings in Lifetime Brands by 2.5% in the 1st quarter. Bank of America Corp DE now owns 19,766 shares of the company’s stock valued at $397,000 after purchasing an additional 477 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Lifetime Brands by 3.1% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 46,323 shares of the company’s stock valued at $931,000 after purchasing an additional 1,390 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.
Lifetime Brands Company Profile
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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