JB Capital Partners LP Buys 108,193 Shares of Lifetime Brands, Inc. (NASDAQ:LCUT)

JB Capital Partners LP lifted its stake in Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 940,814 shares of the company's stock after purchasing an additional 108,193 shares during the quarter. Lifetime Brands comprises approximately 1.2% of JB Capital Partners LP's holdings, making the stock its 15th largest position. JB Capital Partners LP owned 4.25% of Lifetime Brands worth $6,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in Lifetime Brands by 657.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company's stock valued at $118,000 after purchasing an additional 15,708 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Lifetime Brands by 5.3% during the third quarter. Empowered Funds LLC now owns 96,093 shares of the company's stock valued at $628,000 after buying an additional 4,824 shares during the last quarter. Royce & Associates LP increased its position in shares of Lifetime Brands by 9.7% during the third quarter. Royce & Associates LP now owns 130,841 shares of the company's stock valued at $856,000 after acquiring an additional 11,547 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Lifetime Brands in the 2nd quarter worth approximately $87,000. Finally, Squarepoint Ops LLC lifted its position in Lifetime Brands by 28.5% in the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company's stock valued at $177,000 after acquiring an additional 4,575 shares in the last quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.

Analyst Ratings Changes

LCUT has been the subject of a number of research analyst reports. Canaccord Genuity Group reduced their target price on Lifetime Brands from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, October 18th. StockNews.com upgraded Lifetime Brands from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. Finally, DA Davidson upped their target price 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.

Lifetime Brands Stock Performance

Shares of LCUT stock traded up $0.04 on Friday, reaching $5.89. The stock had a trading volume of 18,125 shares, compared to its average volume of 75,152. 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 $5.25 and a 1 year high of $11.68. The stock has a market cap of $130.50 million, a P/E ratio of -5.95, a price-to-earnings-growth ratio of 0.76 and a beta of 1.26. The company has a 50 day simple moving average of $6.04 and a 200 day simple moving average of $7.59.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The firm had revenue of $183.84 million during the quarter, compared to analysts' expectations of $193.90 million. During the same period in the previous year, the business posted $0.36 earnings per share. Equities research analysts expect that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.043 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.92%. 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.