Lifetime Brands, Inc. (NASDAQ:LCUT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 73.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,019 shares of the company's stock after selling 104,527 shares during the period. Bank of New York Mellon Corp owned about 0.17% of Lifetime Brands worth $225,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Martin & Co. Inc. TN lifted its position in shares of Lifetime Brands by 41.2% in the fourth quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company's stock valued at $1,962,000 after acquiring an additional 96,816 shares in the last quarter. Empowered Funds LLC raised its stake in Lifetime Brands by 5.2% in the 4th quarter. Empowered Funds LLC now owns 101,073 shares of the company's stock valued at $597,000 after purchasing an additional 4,980 shares during the last quarter. Barclays PLC lifted its holdings in Lifetime Brands by 38.7% in the 3rd quarter. Barclays PLC now owns 19,016 shares of the company's stock valued at $124,000 after purchasing an additional 5,302 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in Lifetime Brands during the 3rd quarter worth $133,000. Finally, Geode Capital Management LLC grew its holdings in shares of Lifetime Brands by 3.9% during the third quarter. Geode Capital Management LLC now owns 294,291 shares of the company's stock worth $1,925,000 after buying an additional 11,118 shares in the last quarter. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Lifetime Brands Trading Down 1.0 %

Shares of LCUT traded down $0.05 during midday trading on Wednesday, reaching $4.82. The company had a trading volume of 28,754 shares, compared to its average volume of 66,521. Lifetime Brands, Inc. has a 1-year low of $4.70 and a 1-year high of $11.68. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. The firm has a 50 day simple moving average of $5.29 and a 200-day simple moving average of $5.79. The stock has a market cap of $106.83 million, a PE ratio of -4.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $215.21 million during the quarter, compared to analysts' expectations of $206.60 million. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. Research analysts forecast that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.

Lifetime Brands Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, May 1st. Lifetime Brands's dividend payout ratio is presently -23.94%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. DA Davidson decreased their price target on shares of Lifetime Brands from $6.75 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. StockNews.com raised shares of Lifetime Brands from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th.

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.