Lifetime Brands, Inc. (NASDAQ:LCUT) Director Veronique Gabai-Pinsky Acquires 3,500 Shares of Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Veronique Gabai-Pinsky purchased 3,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of $5.57 per share, with a total value of $19,495.00. Following the acquisition, the director now directly owns 3,500 shares of the company’s stock, valued at $19,495. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Lifetime Brands Stock Performance

Shares of LCUT stock traded down $0.02 during trading hours on Friday, hitting $5.66. The company’s stock had a trading volume of 11,681 shares, compared to its average volume of 75,659. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $6.15 and a 200 day moving average of $7.76. Lifetime Brands, Inc. has a 12-month low of $5.25 and a 12-month high of $11.68. The stock has a market cap of $125.43 million, a PE ratio of -5.74, a price-to-earnings-growth ratio of 0.72 and a beta of 1.26.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The business had revenue of $183.84 million during the quarter, compared to analyst estimates of $193.90 million. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. During the same period last year, the company earned $0.36 EPS. On average, sell-side analysts forecast that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.

Lifetime Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.043 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.17 annualized dividend and a yield of 3.04%. Lifetime Brands’s dividend payout ratio (DPR) is presently -17.17%.

Analyst Ratings Changes

Several brokerages have issued reports on LCUT. StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. DA Davidson raised their price objective on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Canaccord Genuity Group reduced their target price on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in Lifetime Brands in the 3rd quarter valued at about $67,000. Mackenzie Financial Corp purchased a new position in Lifetime Brands in the second quarter valued at $87,000. Rhumbline Advisers boosted its position in shares of Lifetime Brands by 579.0% during the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock worth $113,000 after acquiring an additional 11,233 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Lifetime Brands by 657.8% during the third quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock worth $118,000 after purchasing an additional 15,708 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after buying an additional 5,302 shares during the last quarter. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. 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.