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

Lifetime Brands, Inc. (NASDAQ:LCUT) Director Veronique Gabai-Pinsky bought 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of $5.57 per share, for a total transaction of $19,495.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at approximately $19,495. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Lifetime Brands Trading Up 1.4 %

NASDAQ LCUT opened at $5.76 on Friday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. Lifetime Brands, Inc. has a 52 week low of $5.25 and a 52 week high of $11.68. The business’s fifty day simple moving average is $6.15 and its 200-day simple moving average is $7.76.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm 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 quarter in the previous year, the firm earned $0.36 earnings per share. On average, equities research analysts predict that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, January 31st. Lifetime Brands’s dividend payout ratio (DPR) is presently -17.17%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. JB Capital Partners LP lifted its holdings in shares of Lifetime Brands by 13.0% in the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after acquiring an additional 108,193 shares during the last quarter. American Century Companies Inc. grew 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 buying an additional 75,475 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Lifetime Brands by 20.4% in the 2nd quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock valued at $2,737,000 after buying an additional 54,142 shares during the period. Panagora Asset Management Inc. purchased a new stake in shares of Lifetime Brands in the 2nd quarter valued at $450,000. Finally, Dimensional Fund Advisors LP lifted its stake in Lifetime Brands by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after acquiring an additional 38,471 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on LCUT shares. Canaccord Genuity Group decreased their price objective on shares of 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 Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, DA Davidson upped their target price on shares of Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Monday, August 12th.

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.