Lifetime Brands Inc (LCUT) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Apr 21, 2016.
On the company’s financial health, Lifetime Brands Inc reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Mar 11, 2016. Analyst had a consensus of $0.64. The company had revenue of $185.90 million for the quarter, compared to analysts expectations of $195.15 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.
Lifetime Brands Inc opened for trading at $15.31 and hit $15.45 on the upside on Monday, eventually ending the session at $15.43, with a gain of 1.45% or 0.22 points. The heightened volatility saw the trading volume jump to 69,538 shares. Company has a market cap of $216 M.
In a different news, on Mar 23, 2016, Ronald Shiftan (Vice Chairman of Board & COO) sold 5,616 shares at $13.12 per share price. According to the SEC, on Mar 21, 2016, Jeffrey Siegel (Chairman of the Board & CEO) sold 12,843 shares at $12.74 per share price. On Dec 2, 2015, James Wells (EVP and Pres. of Kitchenware) sold 2,000 shares at $13.84 per share price, according to the Form-4 filing with the securities and exchange commission.
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 is the Company’s primary business that 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. The Company’s two categories of products include Kitchenware consisting of kitchen tools and gadgets cutlery cutting boards shears cookware and bakeware and Tableware consisting of dinnerware stemware flatware and giftware; and Home Solutions consisting of pantry ware spice racks thermal beverage ware food storage neoprene travel products and home decor.