Lifetime Brands, Inc. Declares 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. Stockholders of record on Friday, August 1st will be paid a dividend of 0.0425 per share on Friday, August 15th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, August 1st.

Lifetime Brands has a payout ratio of 34.7% indicating that 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 Trading Down 2.8%

Shares of Lifetime Brands stock traded down $0.11 on Thursday, hitting $3.77. The stock had a trading volume of 47,590 shares, compared to its average volume of 69,393. Lifetime Brands has a twelve month low of $2.89 and a twelve month high of $9.03. 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 firm has a market capitalization of $84.49 million, a P/E ratio of -6.18, a PEG ratio of 1.98 and a beta of 1.51. The stock has a 50 day moving average of $3.54 and a 200 day moving average of $4.72.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings results 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 negative net margin of 1.93% and a positive return on equity of 4.70%. The business had revenue of $140.09 million for the quarter, compared to the consensus estimate of $144.86 million. Sell-side analysts expect that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Lifetime Brands

An institutional investor recently raised its position in Lifetime Brands stock. Empowered Funds LLC grew its holdings in Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,458 shares of the company's stock after purchasing an additional 7,385 shares during the quarter. Empowered Funds LLC owned about 0.48% of Lifetime Brands worth $535,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 40.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen lowered Lifetime Brands from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. DA Davidson reduced 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, Canaccord Genuity Group decreased their target price on shares of Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Monday, May 12th.

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.