Lifetime Brands Inc (NASDAQ:LCUT) Director Michael J. Jeary sold 5,087 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.45, for a total transaction of $32,811.15. Following the completion of the transaction, the director now owns 83,113 shares in the company, valued at $536,078.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of LCUT stock opened at $6.52 on Monday. The firm’s 50 day moving average price is $7.41 and its 200-day moving average price is $8.35. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.21 and a current ratio of 2.79. Lifetime Brands Inc has a one year low of $6.25 and a one year high of $12.40. The firm has a market cap of $138.59 million, a P/E ratio of 23.29, a P/E/G ratio of 0.99 and a beta of 1.24.
Several equities analysts have recently commented on LCUT shares. DA Davidson started coverage on shares of Lifetime Brands in a report on Tuesday, October 15th. They issued a “neutral” rating and a $9.00 price objective on the stock. ValuEngine upgraded shares of Lifetime Brands from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Lifetime Brands from a “buy” rating to a “strong sell” rating in a report on Wednesday, November 13th. Finally, TheStreet lowered shares of Lifetime Brands from a “c-” rating to a “d+” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.
Several hedge funds have recently modified their holdings of LCUT. Russell Investments Group Ltd. lifted its holdings in shares of Lifetime Brands by 84.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 379,716 shares of the company’s stock worth $3,591,000 after acquiring an additional 174,227 shares during the last quarter. Boston Partners lifted its holdings in Lifetime Brands by 159.5% during the 2nd quarter. Boston Partners now owns 170,245 shares of the company’s stock worth $1,611,000 after buying an additional 104,631 shares in the last quarter. Weber Alan W lifted its holdings in Lifetime Brands by 84.6% during the 2nd quarter. Weber Alan W now owns 120,000 shares of the company’s stock worth $1,135,000 after buying an additional 55,000 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Lifetime Brands by 10.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 513,951 shares of the company’s stock worth $4,862,000 after buying an additional 47,193 shares in the last quarter. Finally, Teton Advisors Inc. lifted its holdings in Lifetime Brands by 21.6% during the 2nd quarter. Teton Advisors Inc. now owns 231,175 shares of the company’s stock worth $2,187,000 after buying an additional 41,000 shares in the last quarter. Hedge funds and other institutional investors own 45.35% 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 operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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