Lifetime Brands, Inc. (NASDAQ:LCUT) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC lifted its stake in Lifetime Brands, Inc. (NASDAQ:LCUT) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,093 shares of the company’s stock after acquiring an additional 4,824 shares during the period. Empowered Funds LLC’s holdings in Lifetime Brands were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LCUT. Mackenzie Financial Corp bought a new position in Lifetime Brands during the 2nd quarter valued at $87,000. Rhumbline Advisers raised its stake in shares of Lifetime Brands by 579.0% in the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock worth $113,000 after buying an additional 11,233 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Lifetime Brands by 28.5% during the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after buying an additional 4,575 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in Lifetime Brands during the second quarter worth about $450,000. Finally, Renaissance Technologies LLC grew its holdings in Lifetime Brands by 14.8% during the second quarter. Renaissance Technologies LLC now owns 108,051 shares of the company’s stock worth $928,000 after acquiring an additional 13,900 shares during the period. 40.62% of the stock is currently owned by institutional investors.

Lifetime Brands Stock Performance

LCUT opened at $5.76 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The company has a market cap of $127.64 million, a PE ratio of -5.82, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. The stock has a 50-day moving average of $6.13 and a 200-day moving average of $7.74. Lifetime Brands, Inc. has a 52-week low of $5.25 and a 52-week high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last released its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The firm had revenue of $183.84 million for the quarter, compared to analyst estimates of $193.90 million. During the same period in the prior year, the firm earned $0.36 EPS. As a group, equities research analysts forecast that Lifetime Brands, Inc. will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.043 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.17 annualized dividend and a yield of 2.99%. Lifetime Brands’s dividend payout ratio (DPR) is -17.17%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LCUT shares. StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Canaccord Genuity Group decreased their price target on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, DA Davidson lifted their price target on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Monday, August 12th.

Lifetime Brands 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.