Lifetime Brands, Inc. Plans Quarterly Dividend of $0.04 (NASDAQ:LCUT)

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) announced a quarterly dividend on Monday, June 23rd, Wall Street Journal reports. Shareholders of record on Friday, August 1st will be given a dividend of 0.0425 per share on Friday, August 15th. This represents a $0.17 annualized dividend and a yield of 4.36%. The ex-dividend date is Friday, August 1st.

Lifetime Brands has a payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lifetime Brands to earn $0.74 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 23.0%.

Lifetime Brands Stock Performance

Shares of Lifetime Brands stock traded up $0.24 during trading hours on Monday, reaching $3.90. The company's stock had a trading volume of 62,802 shares, compared to its average volume of 70,231. Lifetime Brands has a one year low of $2.89 and a one year high of $9.03. The company's 50 day simple moving average is $3.54 and its 200 day simple moving average is $4.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 2.74. The stock has a market cap of $87.40 million, a P/E ratio of -6.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.51.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.11). Lifetime Brands had a positive return on equity of 4.70% and a negative net margin of 1.93%. The business had revenue of $140.09 million for the quarter, compared to analyst estimates of $144.86 million. As a group, analysts expect that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on LCUT shares. Canaccord Genuity Group lowered their target price on shares of Lifetime Brands from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. DA Davidson dropped their target price on Lifetime Brands from $6.75 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, Wall Street Zen downgraded Lifetime Brands from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Institutional Trading of Lifetime Brands

An institutional investor recently raised its position in Lifetime Brands stock. Empowered Funds LLC lifted its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 7.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,458 shares of the company's stock after purchasing an additional 7,385 shares during the period. Empowered Funds LLC owned approximately 0.48% of Lifetime Brands worth $535,000 at the end of the most recent quarter. Institutional investors own 40.62% 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 worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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