According to Zacks, “Lifetime Brands is a leading designer, marketer and distributor of kitchenware, cutlery & cutting boards, bakeware & cookware, pantryware & spices, tabletop and bath accessories, marketing its products under various trade names, including Farberware, KitchenAid, Pfaltzgraff, Cuisinart, Hoffritz, Sabatier, Nautica, DBK-Daniel Boulud Kitchen, Joseph Abboud Environments, Roshco, Baker’s Advantage, Kamenstein, CasaModa, Kathy Ireland, and :USE. Lifetime’s products are distributed through almost every major retailer in the United States. “
Separately, ValuEngine cut Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd.
NASDAQ:LCUT traded down $0.21 during midday trading on Thursday, hitting $9.82. 709 shares of the stock were exchanged, compared to its average volume of 21,212. Lifetime Brands has a one year low of $7.69 and a one year high of $13.60. The company has a market cap of $209.20 million, a P/E ratio of 35.07, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25. The company’s 50-day moving average price is $9.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.96 and a quick ratio of 1.12.
Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, May 9th. The company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.22. Lifetime Brands had a return on equity of 3.58% and a net margin of 0.68%. The firm had revenue of $149.93 million for the quarter. As a group, analysts forecast that Lifetime Brands will post 0.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.043 dividend. This is a positive change from Lifetime Brands’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.17 annualized dividend and a yield of 1.75%. Lifetime Brands’s payout ratio is 60.71%.
In other Lifetime Brands news, major shareholder Centre Partners V, L.P. purchased 63,906 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were purchased at an average price of $9.59 per share, for a total transaction of $612,858.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders acquired 112,078 shares of company stock worth $1,070,309. 44.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of LCUT. Weber Alan W grew its stake in Lifetime Brands by 44.4% during the 1st quarter. Weber Alan W now owns 65,000 shares of the company’s stock worth $614,000 after purchasing an additional 20,000 shares in the last quarter. Kennedy Capital Management Inc. grew its stake in Lifetime Brands by 11.3% during the 1st quarter. Kennedy Capital Management Inc. now owns 1,128,643 shares of the company’s stock worth $10,666,000 after purchasing an additional 114,719 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in Lifetime Brands by 13.9% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 466,758 shares of the company’s stock worth $4,411,000 after purchasing an additional 57,035 shares in the last quarter. Teton Advisors Inc. grew its stake in Lifetime Brands by 18.3% during the 1st quarter. Teton Advisors Inc. now owns 190,175 shares of the company’s stock worth $1,797,000 after purchasing an additional 29,478 shares in the last quarter. Finally, United Asset Strategies Inc. acquired a new position in Lifetime Brands during the 1st quarter worth $173,000. Hedge funds and other institutional investors own 44.93% 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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