Lifetime Brands, Inc. (NASDAQ:LCUT) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its position in Lifetime Brands, Inc. (NASDAQ:LCUT) by 91.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,723 shares of the company’s stock after selling 120,118 shares during the period. Royce & Associates LP’s holdings in Lifetime Brands were worth $63,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LCUT. Jane Street Group LLC acquired a new position in Lifetime Brands during the 3rd quarter worth approximately $67,000. BNP Paribas Financial Markets lifted its position in Lifetime Brands by 657.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock worth $118,000 after acquiring an additional 15,708 shares in the last quarter. Barclays PLC lifted its position in Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after acquiring an additional 5,302 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Lifetime Brands during the 3rd quarter worth approximately $128,000. Finally, Hohimer Wealth Management LLC acquired a new position in Lifetime Brands during the 3rd quarter worth approximately $133,000. 40.62% of the stock is owned by institutional investors and hedge funds.

Lifetime Brands Price Performance

LCUT stock opened at $5.40 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. Lifetime Brands, Inc. has a 52-week low of $4.70 and a 52-week high of $11.68. The stock’s 50 day moving average is $5.43 and its two-hundred day moving average is $5.88. The company has a market capitalization of $119.65 million, a PE ratio of -5.45, a P/E/G ratio of 0.48 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The company had revenue of $215.21 million for the quarter, compared to the consensus estimate of $206.60 million. Analysts predict that Lifetime Brands, Inc. will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.0425 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.15%. Lifetime Brands’s dividend payout ratio (DPR) is -23.94%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Tuesday. DA Davidson dropped their price objective on Lifetime Brands from $6.75 to $6.00 and set a “neutral” rating on the stock in a report on Thursday.

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.