Lifetime Brands Inc (LCUT) Director Sells $74,291.70 in Stock

Lifetime Brands Inc (NASDAQ:LCUT) Director Craig Phillips sold 4,162 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $17.85, for a total transaction of $74,291.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Friday, December 15th, Craig Phillips sold 3,753 shares of Lifetime Brands stock. The shares were sold at an average price of $17.04, for a total transaction of $63,951.12.
  • On Wednesday, December 13th, Craig Phillips sold 3,747 shares of Lifetime Brands stock. The shares were sold at an average price of $17.12, for a total transaction of $64,148.64.
  • On Monday, November 27th, Craig Phillips sold 1,285 shares of Lifetime Brands stock. The shares were sold at an average price of $17.03, for a total transaction of $21,883.55.
  • 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 transaction of $1,122.00.
  • On Tuesday, November 21st, Craig Phillips sold 1,900 shares of Lifetime Brands stock. The shares were sold at an average price of $17.01, for a total transaction of $32,319.00.

Lifetime Brands Inc (NASDAQ LCUT) remained flat at $$17.95 during midday trading on Wednesday. 8,756 shares of the stock were exchanged, compared to its average volume of 26,945. The company has a current ratio of 3.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.62. Lifetime Brands Inc has a 1-year low of $13.80 and a 1-year high of $21.20. The firm has a market cap of $265.95, a PE ratio of 17.10 and a beta of 0.95.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.37 earnings per share (EPS) 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 firm had revenue of $165.96 million during the quarter, compared to analysts’ expectations of $173.53 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.043 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from Lifetime Brands’s previous quarterly dividend of $0.04. Lifetime Brands’s payout ratio is presently 16.19%.

Several institutional investors have recently modified their holdings of the company. Martin & Co. Inc. TN purchased a new position in shares of Lifetime Brands in the 3rd quarter worth approximately $1,311,000. Schwab Charles Investment Management Inc. grew its position in shares of Lifetime Brands by 69.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 34,499 shares of the company’s stock worth $632,000 after buying an additional 14,199 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Lifetime Brands by 59.9% in the 3rd quarter. Wells Fargo & Company MN now owns 16,441 shares of the company’s stock worth $301,000 after buying an additional 6,160 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Lifetime Brands by 45.1% in the 3rd quarter. Bessemer Group Inc. now owns 13,200 shares of the company’s stock worth $242,000 after buying an additional 4,100 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in shares of Lifetime Brands by 12.7% in the 3rd quarter. Nationwide Fund Advisors now owns 83,592 shares of the company’s stock worth $1,530,000 after buying an additional 9,416 shares during the last quarter. 57.43% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub raised shares of Lifetime Brands from a “sell” rating to a “hold” rating in a research report on Friday, January 5th.

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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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