Lifetime Brands Inc. (NASDAQ:LCUT) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Lifetime Brands an industry rank of 107 out of 265 based on the ratings given to its competitors.
In other Lifetime Brands news, major shareholder Mill Road Capital Ii, L.P. acquired 5,308 shares of the company’s stock in a transaction dated Tuesday, September 20th. The shares were bought at an average cost of $12.56 per share, with a total value of $66,668.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 21.82% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of LCUT. DIAM Co. Ltd. purchased a new stake in shares of Lifetime Brands during the second quarter worth approximately $112,000. Acrospire Investment Management LLC raised its stake in shares of Lifetime Brands by 40.9% in the second quarter. Acrospire Investment Management LLC now owns 8,217 shares of the company’s stock worth $120,000 after buying an additional 2,385 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Lifetime Brands during the second quarter worth approximately $132,000. Counsel Portfolio Services Inc. purchased a new stake in shares of Lifetime Brands during the second quarter worth approximately $150,000. Finally, Algert Global LLC purchased a new stake in shares of Lifetime Brands during the first quarter worth approximately $174,000. 57.53% of the stock is owned by institutional investors and hedge funds.
Shares of Lifetime Brands (NASDAQ:LCUT) traded down 0.92% on Thursday, reaching $12.93. The company had a trading volume of 4,852 shares. The stock has a 50-day moving average price of $13.08 and a 200-day moving average price of $14.58. Lifetime Brands has a 12 month low of $11.29 and a 12 month high of $17.80. The stock has a market cap of $186.57 million, a PE ratio of 17.50 and a beta of 1.24.
Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $118.10 million for the quarter, compared to the consensus estimate of $123.35 million. Lifetime Brands had a return on equity of 6.91% and a net margin of 1.84%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. Analysts predict that Lifetime Brands will post $1.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, October 28th. Lifetime Brands’s dividend payout ratio is 22.97%.
Lifetime Brands Company Profile
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company has three business segments: U.S. Wholesale, which designs, markets and distributes its products to retailers and distributors; International, which operates certain business operations that are conducted outside the United States, and Retail Direct, which markets and sells a limited selection of its products through its Pfaltzgraff, Mikasa, Built NY, Fred & Friends and Lifetime Sterling Internet Websites.
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