Guardian Wealth Management Inc. Lowers Holdings in Lifetime Brands, Inc. (NASDAQ:LCUT)

Guardian Wealth Management Inc. lessened its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 53.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,453 shares of the company's stock after selling 68,729 shares during the period. Guardian Wealth Management Inc. owned 0.27% of Lifetime Brands worth $357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in shares of Lifetime Brands by 84.9% in the 4th quarter. Hsbc Holdings PLC now owns 21,625 shares of the company's stock worth $128,000 after acquiring an additional 9,932 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lifetime Brands by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,260,722 shares of the company's stock worth $7,450,000 after buying an additional 21,139 shares during the last quarter. Barclays PLC increased its position in shares of Lifetime Brands by 93.8% during the fourth quarter. Barclays PLC now owns 36,851 shares of the company's stock valued at $218,000 after acquiring an additional 17,835 shares during the last quarter. SageView Advisory Group LLC boosted its position in Lifetime Brands by 41.8% in the fourth quarter. SageView Advisory Group LLC now owns 34,640 shares of the company's stock worth $205,000 after purchasing an additional 10,219 shares during the last quarter. Finally, JB Capital Partners LP increased its position in shares of Lifetime Brands by 32.7% during the 4th quarter. JB Capital Partners LP now owns 1,248,121 shares of the company's stock valued at $7,376,000 after purchasing an additional 307,307 shares during the last quarter. 40.62% of the stock is owned by institutional investors.

Lifetime Brands Price Performance

Lifetime Brands stock traded down $0.17 during midday trading on Monday, hitting $3.42. 131,509 shares of the company's stock were exchanged, compared to its average volume of 67,769. The company has a market cap of $75.80 million, a P/E ratio of -3.45, a PEG ratio of 0.48 and a beta of 1.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The stock has a 50-day moving average price of $4.68 and a two-hundred day moving average price of $5.46. Lifetime Brands, Inc. has a 52-week low of $2.65 and a 52-week high of $11.68.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $215.21 million for 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%. On average, equities research analysts forecast that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Thursday, May 1st. Lifetime Brands's payout ratio is -23.94%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LCUT shares. Canaccord Genuity Group dropped their target price on shares of Lifetime Brands from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. DA Davidson dropped 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. Finally, StockNews.com raised Lifetime Brands from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th.

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.