Barclays PLC Boosts Stock Holdings in Lifetime Brands, Inc. (NASDAQ:LCUT)

Barclays PLC grew its position in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 38.7% during the third quarter, Holdings Channel.com reports. The fund owned 19,016 shares of the company’s stock after purchasing an additional 5,302 shares during the quarter. Barclays PLC’s holdings in Lifetime Brands were worth $124,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC boosted its holdings in shares of Lifetime Brands by 28.5% in the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock worth $177,000 after buying an additional 4,575 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Lifetime Brands by 20.4% in the 2nd 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 last quarter. JB Capital Partners LP boosted its holdings in shares of Lifetime Brands by 13.0% in the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after buying an additional 108,193 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Lifetime Brands by 22.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $1,299,000 after buying an additional 28,104 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Lifetime Brands by 88.0% in the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock worth $1,385,000 after buying an additional 75,475 shares during the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

Lifetime Brands Trading Up 0.4 %

Shares of LCUT opened at $5.71 on Thursday. The business’s 50-day moving average price is $5.96 and its 200-day moving average price is $6.72. Lifetime Brands, Inc. has a twelve month low of $5.25 and a twelve month high of $11.68. The stock has a market cap of $126.52 million, a PE ratio of -5.77, a P/E/G ratio of 0.83 and a beta of 1.27. 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 (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $183.84 million for the quarter, compared to the consensus estimate of $193.90 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, equities analysts forecast that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.

Lifetime Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, January 31st. Lifetime Brands’s dividend payout ratio is presently -17.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. DA Davidson dropped their price objective on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, December 11th. StockNews.com downgraded shares of Lifetime Brands from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Canaccord Genuity Group dropped their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th.

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.