Lifetime Brands, Inc. (NASDAQ:LCUT) CFO Laurence Winoker Sells 2,135 Shares

Lifetime Brands, Inc. (NASDAQ:LCUT) CFO Laurence Winoker sold 2,135 shares of Lifetime Brands stock in a transaction that occurred on Thursday, June 10th. The shares were sold at an average price of $16.70, for a total transaction of $35,654.50. Following the completion of the transaction, the chief financial officer now owns 86,484 shares of the company’s stock, valued at $1,444,282.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Laurence Winoker also recently made the following trade(s):

  • On Tuesday, June 8th, Laurence Winoker sold 400 shares of Lifetime Brands stock. The shares were sold at an average price of $17.00, for a total transaction of $6,800.00.

Shares of NASDAQ:LCUT opened at $16.53 on Friday. Lifetime Brands, Inc. has a 52-week low of $5.69 and a 52-week high of $17.48. The stock has a fifty day moving average of $15.31. The stock has a market capitalization of $363.33 million, a price-to-earnings ratio of 12.72, a PEG ratio of 0.94 and a beta of 1.32. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.31 and a quick ratio of 1.04.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.35. Lifetime Brands had a net margin of 3.44% and a return on equity of 13.21%. The company had revenue of $195.65 million during the quarter, compared to analyst estimates of $155.23 million. Equities analysts predict that Lifetime Brands, Inc. will post 1.31 earnings per share for the current fiscal year.

A number of research firms have recently commented on LCUT. TheStreet upgraded shares of Lifetime Brands from a “d+” rating to a “c” rating in a research report on Thursday, April 1st. DA Davidson boosted their price target on shares of Lifetime Brands from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 7th. Finally, Zacks Investment Research upgraded shares of Lifetime Brands from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Wednesday, May 12th.

Large investors have recently made changes to their positions in the stock. Nuveen Asset Management LLC grew its position in Lifetime Brands by 30.3% in the fourth quarter. Nuveen Asset Management LLC now owns 51,325 shares of the company’s stock worth $780,000 after acquiring an additional 11,923 shares in the last quarter. Strs Ohio lifted its stake in Lifetime Brands by 15.2% in the first quarter. Strs Ohio now owns 50,000 shares of the company’s stock worth $734,000 after purchasing an additional 6,600 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Lifetime Brands by 150.2% in the fourth quarter. Renaissance Technologies LLC now owns 152,100 shares of the company’s stock worth $2,312,000 after purchasing an additional 91,300 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in Lifetime Brands by 16.5% in the first quarter. Hillsdale Investment Management Inc. now owns 129,952 shares of the company’s stock worth $1,909,000 after purchasing an additional 18,451 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Lifetime Brands by 15.7% in the fourth quarter. JPMorgan Chase & Co. now owns 487,021 shares of the company’s stock worth $7,402,000 after purchasing an additional 66,112 shares during the last quarter. Institutional investors own 48.25% of the company’s stock.

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 provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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