Craig Phillips Sells 1,900 Shares of Lifetime Brands, Inc. (LCUT) Stock
Lifetime Brands, Inc. (NASDAQ:LCUT) Director Craig Phillips sold 1,900 shares of Lifetime Brands stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $17.01, for a total transaction of $32,319.00. Following the completion of the sale, the director now owns 657,276 shares in the company, valued at $11,180,264.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Craig Phillips also recently made the following trade(s):
- On Wednesday, October 11th, Craig Phillips sold 7,500 shares of Lifetime Brands stock. The shares were sold at an average price of $19.11, for a total transaction of $143,325.00.
Lifetime Brands, Inc. (LCUT) traded up $0.10 during trading on Wednesday, hitting $16.95. 15,014 shares of the stock were exchanged, compared to its average volume of 30,161. Lifetime Brands, Inc. has a 12-month low of $13.80 and a 12-month high of $21.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.43 and a current ratio of 3.31. The company has a market cap of $244.47, a P/E ratio of 13.31 and a beta of 0.99.
Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, November 9th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.30). Lifetime Brands had a return on equity of 9.12% and a net margin of 2.65%. The business had revenue of $165.96 million during the quarter, compared to the consensus estimate of $173.53 million. During the same quarter last year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.043 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Lifetime Brands’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.01%. Lifetime Brands’s payout ratio is 16.04%.
Separately, BidaskClub downgraded shares of Lifetime Brands from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st.
Several institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its stake in shares of Lifetime Brands by 7.1% during the 1st quarter. American International Group Inc. now owns 6,802 shares of the company’s stock worth $137,000 after purchasing an additional 449 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Lifetime Brands in the 2nd quarter valued at about $174,000. Wells Fargo & Company MN boosted its position in Lifetime Brands by 53.9% in the 2nd quarter. Wells Fargo & Company MN now owns 10,281 shares of the company’s stock valued at $186,000 after buying an additional 3,599 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Lifetime Brands in the 2nd quarter valued at about $191,000. Finally, Alliancebernstein L.P. purchased a new stake in Lifetime Brands in the 2nd quarter valued at about $192,000. Hedge funds and other institutional investors own 56.58% 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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