Insider Selling: Lifetime Brands, Inc. (NASDAQ:LCUT) President Sells $12,841.70 in Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) President Daniel Siegel sold 2,285 shares of Lifetime Brands stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $5.62, for a total transaction of $12,841.70. Following the transaction, the president now directly owns 3,400 shares in the company, valued at approximately $19,108. This represents a 40.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Daniel Siegel also recently made the following trade(s):

• On Tuesday, November 19th, Daniel Siegel sold 1,048 shares of Lifetime Brands stock. The stock was sold at an average price of $5.60, for a total transaction of $5,868.80.

Lifetime Brands Trading Up 1.4 %

NASDAQ:LCUT opened at $5.76 on Friday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $127.64 million, a PE ratio of -5.82, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. The firm’s 50 day moving average is $6.13 and its 200 day moving average is $7.74. Lifetime Brands, Inc. has a 12 month low of $5.25 and a 12 month high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The company had revenue of $183.84 million during the quarter, compared to the consensus estimate of $193.90 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. During the same period last year, the firm posted $0.36 EPS. Sell-side analysts expect that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.043 per share. The ex-dividend date is Friday, January 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.99%. Lifetime Brands’s payout ratio is -17.17%.

Institutional Investors Weigh In On Lifetime Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in Lifetime Brands during the 3rd quarter valued at $67,000. Mackenzie Financial Corp bought a new stake in Lifetime Brands during the 2nd quarter valued at $87,000. Rhumbline Advisers raised its holdings in Lifetime Brands by 579.0% during the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock valued at $113,000 after acquiring an additional 11,233 shares during the period. BNP Paribas Financial Markets raised its holdings in Lifetime Brands by 657.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock valued at $118,000 after acquiring an additional 15,708 shares during the period. Finally, Barclays PLC raised its holdings in Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after acquiring an additional 5,302 shares during the period. Institutional investors own 40.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. DA Davidson lifted their target price on shares of Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Canaccord Genuity Group lowered their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a report on Saturday, November 9th.

About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.