Lifetime Brands, Inc. (NASDAQ:LCUT) Stock Holdings Lifted by JB Capital Partners LP

JB Capital Partners LP lifted its holdings in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 13.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 940,814 shares of the company’s stock after purchasing an additional 108,193 shares during the quarter. Lifetime Brands makes up 1.2% of JB Capital Partners LP’s portfolio, making the stock its 15th largest holding. JB Capital Partners LP’s holdings in Lifetime Brands were worth $6,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC lifted its stake in Lifetime Brands by 28.5% in 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 during the last quarter. Empowered Funds LLC increased its holdings in shares of Lifetime Brands by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 96,093 shares of the company’s stock worth $628,000 after acquiring an additional 4,824 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Lifetime Brands in the 2nd quarter worth about $87,000. Rhumbline Advisers lifted its position in Lifetime Brands by 579.0% in the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock valued at $113,000 after purchasing an additional 11,233 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Lifetime Brands by 9.7% during the 3rd quarter. Royce & Associates LP now owns 130,841 shares of the company’s stock valued at $856,000 after purchasing an additional 11,547 shares during the period. Institutional investors and hedge funds own 40.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Lifetime Brands Stock Performance

Shares of Lifetime Brands stock opened at $5.85 on Friday. The business has a fifty day simple moving average of $6.06 and a 200-day simple moving average of $7.63. Lifetime Brands, Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $11.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data 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 business had revenue of $183.84 million for the quarter, compared to the consensus estimate of $193.90 million. During the same quarter last year, the business posted $0.36 EPS. Research analysts predict that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Announces Dividend

The business 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 dividend yield of 2.94%. Lifetime Brands’s dividend payout ratio is currently -17.17%.

Lifetime Brands Company 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.