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.
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