Insider Buying: Lifetime Brands, Inc. (NASDAQ:LCUT) Director Purchases $19,495.00 in Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Veronique Gabai-Pinsky purchased 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average price of $5.57 per share, for a total transaction of $19,495.00. Following the completion of the acquisition, the director now directly owns 3,500 shares in the company, valued at $19,495. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Lifetime Brands Price Performance

Lifetime Brands stock opened at $5.76 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. The stock has a market cap of $127.64 million, a price-to-earnings ratio of -5.82, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. The firm has a 50-day moving average of $6.13 and a two-hundred day moving average of $7.74. Lifetime Brands, Inc. has a 1 year low of $5.25 and a 1 year high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The firm had revenue of $183.84 million during the quarter, compared to analysts’ expectations of $193.90 million. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, research analysts forecast that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.043 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, January 31st. Lifetime Brands’s payout ratio is -17.17%.

Analyst Ratings Changes

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

Institutional Trading of Lifetime Brands

Several institutional investors and hedge funds have recently made changes to their positions in LCUT. Mackenzie Financial Corp purchased a new position in Lifetime Brands during the 2nd quarter valued at about $87,000. Jane Street Group LLC bought a new position in shares of Lifetime Brands during the third quarter valued at approximately $67,000. Rhumbline Advisers increased its holdings in Lifetime Brands by 579.0% during the second quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock valued at $113,000 after buying an additional 11,233 shares during the period. BNP Paribas Financial Markets raised its stake in Lifetime Brands by 657.8% in the third quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock worth $118,000 after buying an additional 15,708 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Lifetime Brands by 38.7% during the third 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 period. 40.62% of the stock is currently owned by institutional investors.

About Lifetime Brands

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.