Lifetime Brands (NASDAQ:LCUT) Downgraded by TheStreet to “C”

TheStreet cut shares of Lifetime Brands (NASDAQ:LCUT) from a b- rating to a c rating in a research note released on Thursday, March 15th.

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

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NASDAQ LCUT traded up $0.05 on Thursday, reaching $12.80. The company had a trading volume of 14,463 shares, compared to its average volume of 32,557. The firm has a market capitalization of $262.91, a P/E ratio of 18.82 and a beta of 1.22. Lifetime Brands has a 52-week low of $12.05 and a 52-week high of $20.85. The company has a current ratio of 3.61, a quick ratio of 1.76 and a debt-to-equity ratio of 0.45.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, March 15th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.32). The company had revenue of $182.77 million during the quarter. Lifetime Brands had a net margin of 0.37% and a return on equity of 5.02%.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Monday, April 30th. This represents a $0.17 dividend on an annualized basis and a yield of 1.33%.

In other Lifetime Brands news, Director Craig Phillips sold 4,162 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $17.85, for a total value of $74,291.70. Following the completion of the transaction, the director now owns 641,194 shares in the company, valued at approximately $11,445,312.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Jeary acquired 3,000 shares of Lifetime Brands stock in a transaction on Thursday, March 22nd. The stock was acquired at an average price of $12.88 per share, with a total value of $38,640.00. Following the purchase, the director now directly owns 50,236 shares in the company, valued at $647,039.68. The disclosure for this purchase can be found here. 21.82% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in Lifetime Brands by 53.9% in the 2nd quarter. Wells Fargo & Company MN now owns 10,281 shares of the company’s stock valued at $186,000 after purchasing an additional 3,599 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Lifetime Brands by 11.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 38,563 shares of the company’s stock worth $637,000 after acquiring an additional 4,064 shares during the period. Bessemer Group Inc. grew its stake in shares of Lifetime Brands by 45.1% during the 3rd quarter. Bessemer Group Inc. now owns 13,200 shares of the company’s stock worth $242,000 after acquiring an additional 4,100 shares during the period. BlackRock Inc. grew its stake in shares of Lifetime Brands by 0.7% during the 4th quarter. BlackRock Inc. now owns 738,439 shares of the company’s stock worth $12,184,000 after acquiring an additional 5,130 shares during the period. Finally, Olstein Capital Management L.P. grew its stake in shares of Lifetime Brands by 4.3% during the 4th quarter. Olstein Capital Management L.P. now owns 150,481 shares of the company’s stock worth $2,483,000 after acquiring an additional 6,218 shares during the period. Hedge funds and other institutional investors own 67.35% 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 for use in the home in the United States and internationally. The company operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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