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

Lifetime Brands Inc (NASDAQ:LCUT) Director Craig Phillips sold 4,162 shares of Lifetime Brands stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $17.85, for a total transaction of $74,291.70. Following the completion of the sale, the director now owns 641,194 shares of the company’s stock, valued at approximately $11,445,312.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Friday, December 15th, Craig Phillips sold 3,753 shares of Lifetime Brands stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $17.01, for a total transaction of $32,319.00.

Lifetime Brands Inc (LCUT) opened at $18.35 on Friday. The company has a market cap of $265.97, a P/E ratio of 17.31 and a beta of 0.95. 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 Inc has a 12-month low of $13.80 and a 12-month high of $21.20.

Lifetime Brands (NASDAQ:LCUT) last issued 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 analyst estimates of $173.53 million. Lifetime Brands had a net margin of 2.65% and a return on equity of 9.12%. Lifetime Brands’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share.

The company also recently announced 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 is a boost from Lifetime Brands’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 0.94%. Lifetime Brands’s payout ratio is presently 16.04%.

Separately, BidaskClub cut shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th.

Large investors have recently modified their holdings of the company. Martin & Co. Inc. TN acquired a new position in shares of Lifetime Brands in the 3rd quarter valued at approximately $1,311,000. State Street Corp increased its position in Lifetime Brands by 4.6% during the 2nd quarter. State Street Corp now owns 182,196 shares of the company’s stock worth $3,307,000 after purchasing an additional 8,077 shares in the last quarter. Northern Trust Corp increased its position in 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 in the last quarter. Vanguard Group Inc. increased its position in Lifetime Brands by 4.1% during the 2nd 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 in the last quarter. Finally, Nationwide Fund Advisors increased its position in Lifetime Brands by 12.7% during the 3rd quarter. Nationwide Fund Advisors now owns 83,592 shares of the company’s stock worth $1,530,000 after purchasing an additional 9,416 shares in 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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