Lifetime Brands, Inc. (NASDAQ:LCUT) Stock to Pay Quarterly Dividend of $0.04

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, January 29th will be paid a dividend of $0.0425 per share on Friday, February 12th. This represents a $0.17 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, January 29th.

Lifetime Brands has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lifetime Brands to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 15.9%.

Lifetime Brands Stock Down 12.6%

Lifetime Brands stock traded down $1.12 during mid-day trading on Thursday, reaching $7.77. 274,373 shares of the company were exchanged, compared to its average volume of 180,738. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The firm has a market cap of $178.63 million, a P/E ratio of 5.43, a PEG ratio of 0.29 and a beta of 1.08. The business has a fifty day moving average of $8.75 and a 200 day moving average of $7.20. Lifetime Brands has a 12-month low of $2.90 and a 12-month high of $10.17.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The business had revenue of $177.68 million for the quarter, compared to the consensus estimate of $173.96 million. Lifetime Brands had a return on equity of 26.39% and a net margin of 4.81%. Research analysts anticipate that Lifetime Brands will post 2.06 earnings per share for the current fiscal year.

Insider Transactions at Lifetime Brands

In other Lifetime Brands news, Director Jeffrey Siegel sold 11,560 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $9.53, for a total value of $110,166.80. Following the completion of the sale, the director directly owned 1,166,337 shares in the company, valued at approximately $11,115,191.61. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 22,423 shares of company stock worth $213,176. Corporate insiders own 44.40% of the company’s stock.

Institutional Investors Weigh In On Lifetime Brands

A number of large investors have recently modified their holdings of LCUT. NewEdge Advisors LLC purchased a new stake in shares of Lifetime Brands during the second quarter worth about $220,000. Squarepoint Ops LLC purchased a new position in shares of Lifetime Brands in the 2nd quarter valued at approximately $123,000. AXQ Capital LP purchased a new position in shares of Lifetime Brands in the 2nd quarter valued at approximately $93,000. Hsbc Holdings PLC raised its position in shares of Lifetime Brands by 6.2% in the 2nd quarter. Hsbc Holdings PLC now owns 21,099 shares of the company’s stock valued at $190,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Lifetime Brands in the 2nd quarter worth approximately $1,139,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells a broad range of kitchenware, tableware, and home products. Its offerings include cookware, bakeware, cutlery, kitchen tools and gadgets, food storage and pantry products, barware, coffee and tea accessories, and dining and entertaining products.

The company markets products under a portfolio of owned, licensed, and private-label brands, including Farberware, Mikasa, Pfaltzgraff, KitchenAid, Taylor, Rabbit, Chicago Cutlery, Kamenstein, and Towle.