Insider Buying: Lifetime Brands, Inc. (NASDAQ:LCUT) Director Acquires 3,500 Shares of Stock

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Veronique Gabai-Pinsky purchased 3,500 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average cost of $5.57 per share, with a total value of $19,495.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at $19,495. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Lifetime Brands Stock Performance

Shares of NASDAQ LCUT opened at $5.76 on Friday. The stock’s 50-day simple moving average is $6.15 and its 200-day simple moving average is $7.76. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. Lifetime Brands, Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $11.68.

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). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The company had revenue of $183.84 million for the quarter, compared to analyst estimates of $193.90 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. Equities research analysts forecast that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.043 dividend. This represents a $0.17 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, January 31st. Lifetime Brands’s dividend payout ratio (DPR) is presently -17.17%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Lifetime Brands

Hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC grew its holdings in Lifetime Brands by 28.5% during the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock worth $177,000 after acquiring an additional 4,575 shares during the period. Acadian Asset Management LLC grew its stake in shares of Lifetime Brands by 20.4% during the 2nd quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock worth $2,737,000 after purchasing an additional 54,142 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Lifetime Brands by 22.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock valued at $1,299,000 after purchasing an additional 28,104 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Lifetime Brands by 88.0% in the second quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after purchasing an additional 75,475 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in Lifetime Brands during the second quarter worth about $450,000. Institutional investors and hedge funds own 40.62% 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 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.