Lifetime Brands Inc (NASDAQ:LCUT)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $11.23 and last traded at $11.75, with a volume of 9633 shares. The stock had previously closed at $11.98.
A number of equities analysts have recently issued reports on the company. TheStreet downgraded Lifetime Brands from a “b-” rating to a “c” rating in a research report on Thursday, March 15th. BidaskClub raised Lifetime Brands from a “sell” rating to a “hold” rating in a research report on Friday, January 5th.
The stock has a market capitalization of $241.35, a PE ratio of 17.28 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.61 and a quick ratio of 1.76.
Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, March 15th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.32). The business had revenue of $182.77 million for the quarter. Lifetime Brands had a return on equity of 5.02% and a net margin of 0.37%.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be given a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Monday, April 30th.
In other news, Director Michael J. Jeary bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The shares were purchased at an average cost of $12.88 per share, with a total value of $38,640.00. Following the transaction, the director now directly owns 50,236 shares in the company, valued at $647,039.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 21.82% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LCUT. Martin & Co. Inc. TN increased its position in shares of Lifetime Brands by 52.0% in the 4th quarter. Martin & Co. Inc. TN now owns 108,871 shares of the company’s stock valued at $1,796,000 after acquiring an additional 37,248 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Lifetime Brands in the 4th quarter valued at $290,000. AXA increased its position in shares of Lifetime Brands by 26.9% in the 4th quarter. AXA now owns 74,805 shares of the company’s stock valued at $1,234,000 after acquiring an additional 15,867 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Lifetime Brands by 69.9% in the 3rd 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 during the period. Finally, First Trust Advisors LP acquired a new position in shares of Lifetime Brands in the 4th quarter valued at $179,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.
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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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