Strs Ohio grew its position in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 15.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the company’s stock after purchasing an additional 6,600 shares during the period. Strs Ohio owned 0.23% of Lifetime Brands worth $734,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC lifted its position in Lifetime Brands by 30.3% during the fourth quarter. Nuveen Asset Management LLC now owns 51,325 shares of the company’s stock valued at $780,000 after buying an additional 11,923 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Lifetime Brands by 150.2% during the fourth quarter. Renaissance Technologies LLC now owns 152,100 shares of the company’s stock valued at $2,312,000 after acquiring an additional 91,300 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in shares of Lifetime Brands by 16.5% during the first quarter. Hillsdale Investment Management Inc. now owns 129,952 shares of the company’s stock valued at $1,909,000 after acquiring an additional 18,451 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Lifetime Brands by 15.7% during the fourth quarter. JPMorgan Chase & Co. now owns 487,021 shares of the company’s stock valued at $7,402,000 after acquiring an additional 66,112 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Lifetime Brands by 299.1% during the fourth quarter. Citigroup Inc. now owns 2,315 shares of the company’s stock valued at $35,000 after acquiring an additional 1,735 shares during the period. 36.65% of the stock is currently owned by institutional investors.
LCUT has been the topic of several research reports. TheStreet upgraded shares of Lifetime Brands from a “d+” rating to a “c” rating in a research report on Thursday, April 1st. Zacks Investment Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Wednesday. Finally, DA Davidson boosted their price target on Lifetime Brands from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 7th.
Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, May 6th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.35. Lifetime Brands had a positive return on equity of 12.06% and a negative net margin of 4.38%. On average, research analysts anticipate that Lifetime Brands, Inc. will post 0.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Shareholders of record on Monday, May 3rd will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Friday, April 30th. Lifetime Brands’s dividend payout ratio (DPR) is currently 37.78%.
Lifetime Brands Company Profile
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. 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.
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