Lifetime Brands Inc. (NASDAQ:LCUT) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also given Lifetime Brands an industry rank of 112 out of 265 based on the ratings given to related companies.
Lifetime Brands (NASDAQ:LCUT) opened at 12.86 on Thursday. The firm’s 50-day moving average price is $13.05 and its 200-day moving average price is $14.57. The stock has a market cap of $185.56 million, a PE ratio of 17.40 and a beta of 1.24. Lifetime Brands has a 52 week low of $11.29 and a 52 week high of $17.80.
Lifetime Brands (NASDAQ:LCUT) last issued 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. Lifetime Brands had a return on equity of 6.91% and a net margin of 1.84%. The business had revenue of $118.10 million for the quarter, compared to the consensus estimate of $123.35 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that Lifetime Brands will post $1.03 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be given a dividend of $0.0425 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $0.17 dividend on an annualized basis and a yield of 1.32%. Lifetime Brands’s dividend payout ratio (DPR) is presently 22.97%.
In related news, major shareholder Mill Road Capital Ii, L.P. acquired 2,820 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were acquired at an average cost of $12.65 per share, for a total transaction of $35,673.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 21.82% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new position in Lifetime Brands during the second quarter worth approximately $324,000. California State Teachers Retirement System boosted its position in Lifetime Brands by 1.7% in the second quarter. California State Teachers Retirement System now owns 23,170 shares of the company’s stock worth $338,000 after buying an additional 393 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Lifetime Brands by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 78,906 shares of the company’s stock worth $1,152,000 after buying an additional 2,899 shares in the last quarter. Strs Ohio boosted its position in Lifetime Brands by 11.2% in the second quarter. Strs Ohio now owns 32,000 shares of the company’s stock worth $466,000 after buying an additional 3,230 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Lifetime Brands by 645.1% in the second quarter. Acadian Asset Management LLC now owns 154,349 shares of the company’s stock worth $2,252,000 after buying an additional 133,634 shares in the last quarter. 57.53% of the stock is currently owned by hedge funds and other institutional investors.
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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