Truffle Hound Capital LLC Takes $904,000 Position in Lifetime Brands, Inc. $LCUT

Truffle Hound Capital LLC acquired a new stake in Lifetime Brands, Inc. (NASDAQ:LCUT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 177,321 shares of the company’s stock, valued at approximately $904,000. Truffle Hound Capital LLC owned 0.79% of Lifetime Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. JB Capital Partners LP increased its holdings in Lifetime Brands by 16.0% during the 1st quarter. JB Capital Partners LP now owns 1,447,621 shares of the company’s stock valued at $7,050,000 after acquiring an additional 199,500 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Lifetime Brands by 270.1% in the 1st quarter. Bank of New York Mellon Corp now owns 140,710 shares of the company’s stock worth $694,000 after buying an additional 102,691 shares during the last quarter. SageView Advisory Group LLC grew its holdings in Lifetime Brands by 60.4% in the 1st quarter. SageView Advisory Group LLC now owns 55,546 shares of the company’s stock valued at $274,000 after buying an additional 20,906 shares during the period. Nuveen LLC purchased a new stake in Lifetime Brands in the 1st quarter valued at about $82,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Lifetime Brands during the 2nd quarter valued at about $212,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Lifetime Brands Stock Performance

NASDAQ:LCUT opened at $3.28 on Tuesday. The firm’s fifty day simple moving average is $3.58 and its 200 day simple moving average is $3.86. The firm has a market capitalization of $74.31 million, a price-to-earnings ratio of -2.06 and a beta of 1.53. The company has a current ratio of 2.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.89. Lifetime Brands, Inc. has a twelve month low of $2.89 and a twelve month high of $7.05.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $171.91 million during the quarter, compared to analysts’ expectations of $178.76 million. Lifetime Brands had a negative net margin of 5.16% and a positive return on equity of 0.12%. As a group, equities research analysts expect that Lifetime Brands, Inc. will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, January 30th. Lifetime Brands’s payout ratio is currently -10.24%.

Analysts Set New Price Targets

LCUT has been the topic of several research analyst reports. Zacks Research cut shares of Lifetime Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifetime Brands in a report on Wednesday, October 8th. Canaccord Genuity Group lowered their price objective on shares of Lifetime Brands from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen downgraded Lifetime Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $5.00.

About Lifetime Brands

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.