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 downgraded Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd.
Shares of Lifetime Brands stock opened at $9.93 on Thursday. The company has a current ratio of 2.96, a quick ratio of 1.12 and a debt-to-equity ratio of 1.36. The firm has a market cap of $207.76 million, a price-to-earnings ratio of 20.69, a PEG ratio of 0.89 and a beta of 1.25. Lifetime Brands has a 52 week low of $7.69 and a 52 week high of $13.35. The company has a fifty day simple moving average of $9.03.
Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.22. The firm had revenue of $149.93 million for the quarter. Lifetime Brands had a return on equity of 3.58% and a net margin of 0.68%. On average, research analysts expect that Lifetime Brands will post 0.74 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.043 dividend. This represents a $0.17 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, July 31st. This is an increase from Lifetime Brands’s previous quarterly dividend of $0.04. Lifetime Brands’s payout ratio is currently 60.71%.
In other news, major shareholder Centre Partners V, L.P. acquired 63,906 shares of the business’s stock in a transaction that occurred 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 SEC, which is available at the SEC website. Insiders purchased a total of 112,078 shares of company stock worth $1,070,309 in the last quarter. Company insiders own 44.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers increased its holdings in Lifetime Brands by 43.0% during the 4th quarter. Rhumbline Advisers now owns 16,975 shares of the company’s stock worth $170,000 after purchasing an additional 5,104 shares during the period. United Asset Strategies Inc. purchased a new stake in Lifetime Brands during the 1st quarter worth about $173,000. Weber Alan W purchased a new stake in Lifetime Brands during the 4th quarter worth about $451,000. Geode Capital Management LLC increased its holdings in Lifetime Brands by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 118,701 shares of the company’s stock worth $1,190,000 after purchasing an additional 5,007 shares during the period. Finally, Teton Advisors Inc. increased its holdings 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 during the period. Institutional investors own 44.93% of the company’s stock.
Lifetime Brands Company Profile
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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