Royce & Associates LP Raises Position in Lifetime Brands, Inc. (NASDAQ:LCUT)

Royce & Associates LP lifted its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,841 shares of the company’s stock after acquiring an additional 11,547 shares during the quarter. Royce & Associates LP’s holdings in Lifetime Brands were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Lifetime Brands by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after purchasing an additional 38,471 shares during the period. Acadian Asset Management LLC increased its stake in shares of Lifetime Brands by 20.4% during the second quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock worth $2,737,000 after buying an additional 54,142 shares during the period. Gamco Investors INC. ET AL raised its holdings in Lifetime Brands by 20.9% in the first quarter. Gamco Investors INC. ET AL now owns 180,000 shares of the company’s stock valued at $1,886,000 after acquiring an additional 31,153 shares in the last quarter. American Century Companies Inc. lifted its stake in Lifetime Brands by 88.0% in the second quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock worth $1,385,000 after acquiring an additional 75,475 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Lifetime Brands by 22.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $1,299,000 after acquiring an additional 28,104 shares in the last quarter. 40.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Lifetime Brands Price Performance

Shares of NASDAQ:LCUT opened at $5.51 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. Lifetime Brands, Inc. has a 12 month low of $5.25 and a 12 month high of $11.68. The firm has a market capitalization of $122.09 million, a P/E ratio of -5.57, a P/E/G ratio of 0.74 and a beta of 1.26. The company’s fifty day moving average price is $6.19 and its 200 day moving average price is $7.79.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The firm had revenue of $183.84 million for the quarter, compared to analyst estimates of $193.90 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. During the same quarter last year, the firm posted $0.36 EPS. As a group, sell-side analysts predict 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 14th. Stockholders of record on Friday, January 31st will be issued a $0.043 dividend. This represents a $0.17 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, January 31st. Lifetime Brands’s payout ratio is currently -17.17%.

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.