Lifetime Brands, Inc. (NASDAQ:LCUT) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 51.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,629 shares of the company's stock after selling 185,753 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.81% of Lifetime Brands worth $1,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LCUT. Jane Street Group LLC purchased a new position in Lifetime Brands in the third quarter valued at about $67,000. BNP Paribas Financial Markets boosted its stake in Lifetime Brands by 657.8% in the third quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company's stock valued at $118,000 after acquiring an additional 15,708 shares in the last quarter. Barclays PLC grew its holdings in Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company's stock worth $124,000 after purchasing an additional 5,302 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Lifetime Brands by 744.1% during the fourth quarter. JPMorgan Chase & Co. now owns 45,589 shares of the company's stock worth $269,000 after purchasing an additional 40,188 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Lifetime Brands by 5.2% during the fourth quarter. Empowered Funds LLC now owns 101,073 shares of the company's stock worth $597,000 after purchasing an additional 4,980 shares in the last quarter. Institutional investors own 40.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LCUT. StockNews.com upgraded Lifetime Brands from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. DA Davidson decreased their target price on Lifetime Brands from $6.75 to $6.00 and set a "neutral" rating for the company in a report on Thursday, March 20th.

Lifetime Brands Price Performance

Shares of NASDAQ:LCUT remained flat at $3.81 during trading on Friday. 76,321 shares of the stock traded hands, compared to its average volume of 66,759. The business's 50-day simple moving average is $4.85 and its two-hundred day simple moving average is $5.58. Lifetime Brands, Inc. has a 52-week low of $3.72 and a 52-week high of $11.68. The stock has a market capitalization of $84.44 million, a P/E ratio of -3.85, a price-to-earnings-growth 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.

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 for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $215.21 million during the quarter, compared to analysts' expectations of $206.60 million. On average, equities research analysts predict 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. Stockholders of record on Thursday, May 1st will be given a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Thursday, May 1st. Lifetime Brands's dividend payout ratio (DPR) is presently -23.94%.

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.