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 that occurred on Wednesday, January 10th. The shares were sold at an average price of $17.85, for a total transaction of $74,291.70. Following the completion of the transaction, the director now directly owns 641,194 shares of the company’s stock, valued at approximately $11,445,312.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

Shares of Lifetime Brands Inc (NASDAQ LCUT) opened at $17.95 on Friday. The firm has a market cap of $265.95, a P/E ratio of 17.10 and a beta of 0.95. Lifetime Brands Inc has a 1-year low of $13.80 and a 1-year 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 issued its earnings results on Thursday, November 9th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.30). The firm had revenue of $165.96 million during the quarter, compared to analyst estimates of $173.53 million. Lifetime Brands had a net margin of 2.65% and a return on equity of 9.12%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.043 dividend. This is a boost 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 yield of 0.96%. Lifetime Brands’s dividend payout ratio (DPR) is 16.19%.

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

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

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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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