Lifetime Brands, Inc. (NASDAQ:LCUT) Holdings Decreased by Royce & Associates LP

Royce & Associates LP reduced its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 91.8% in the fourth quarter, Holdings Channel.com reports. 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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in LCUT. JB Capital Partners LP grew its stake in Lifetime Brands by 13.0% during 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. Martin & Co. Inc. TN grew its stake in Lifetime Brands by 41.2% during the 4th quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company’s stock worth $1,962,000 after buying an additional 96,816 shares during the last quarter. Hohimer Wealth Management LLC bought a new position in Lifetime Brands during the 3rd quarter worth $133,000. Quadrature Capital Ltd bought a new position in Lifetime Brands during the 3rd quarter worth $128,000. Finally, BNP Paribas Financial Markets grew its stake 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 buying an additional 15,708 shares during the last quarter. 40.62% of the stock is currently owned by institutional investors.

Lifetime Brands Trading Down 3.7 %

Shares of LCUT stock opened at $5.40 on Friday. 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, Inc. has a 1 year low of $4.70 and a 1 year high of $11.68. The stock has a fifty day moving average of $5.43 and a two-hundred day moving average of $5.88. The firm has a market capitalization of $119.65 million, a PE ratio of -5.45, a price-to-earnings-growth ratio of 0.48 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $206.60 million. As a group, research analysts expect that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Cuts Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.15%. Lifetime Brands’s dividend payout ratio (DPR) is -23.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LCUT. StockNews.com upgraded Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Tuesday. DA Davidson reduced their price target on Lifetime Brands from $6.75 to $6.00 and set a “neutral” rating for the company in a research 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.