Lifetime Brands, Inc. (NASDAQ:LCUT) Director Craig Phillips sold 1,285 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.03, for a total value of $21,883.55. Following the transaction, the director now directly owns 651,676 shares in the company, valued at approximately $11,098,042.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Craig Phillips also recently made the following trade(s):

  • On Friday, November 24th, Craig Phillips sold 66 shares of Lifetime Brands stock. The shares were sold at an average price of $17.00, for a total value of $1,122.00.
  • On Tuesday, November 21st, Craig Phillips sold 1,900 shares of Lifetime Brands stock. The stock was sold at an average price of $17.01, for a total transaction of $32,319.00.
  • 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.

Shares of Lifetime Brands, Inc. (NASDAQ LCUT) traded up $0.20 on Tuesday, reaching $17.45. 16,568 shares of the company traded hands, compared to its average volume of 29,912. The company has a market cap of $249.65, a P/E ratio of 13.59 and a beta of 0.99. Lifetime Brands, Inc. has a 12-month low of $13.80 and a 12-month high of $21.20. The company has a quick ratio of 1.43, a current ratio of 3.31 and a debt-to-equity ratio of 0.62.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, November 9th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.30). The firm had revenue of $165.96 million during the quarter, compared to the consensus estimate of $173.53 million. Lifetime Brands had a return on equity of 9.12% and a net margin of 2.65%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.043 per share. This is an increase from Lifetime Brands’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 0.99%. Lifetime Brands’s payout ratio is presently 16.04%.

Separately, BidaskClub lowered shares of Lifetime Brands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st.

Several large investors have recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of Lifetime Brands by 28.5% during the 2nd quarter. Northern Trust Corp now owns 493,763 shares of the company’s stock worth $8,961,000 after purchasing an additional 109,478 shares during the period. JPMorgan Chase & Co. boosted its holdings in Lifetime Brands by 7.4% during the second quarter. JPMorgan Chase & Co. now owns 381,560 shares of the company’s stock worth $6,925,000 after purchasing an additional 26,360 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Lifetime Brands by 4.1% during the second quarter. Vanguard Group Inc. now owns 381,463 shares of the company’s stock worth $6,924,000 after purchasing an additional 15,003 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Lifetime Brands by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 235,900 shares of the company’s stock worth $4,282,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Lifetime Brands by 52.2% in the first quarter. Renaissance Technologies LLC now owns 213,100 shares of the company’s stock valued at $4,283,000 after acquiring an additional 73,100 shares during the last quarter. Institutional investors own 57.43% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Lifetime Brands (NASDAQ:LCUT)

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