Royce & Associates LP Has $63,000 Stock Position in Lifetime Brands, Inc. (NASDAQ:LCUT)

Royce & Associates LP trimmed its position in Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 91.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,723 shares of the company's stock after selling 120,118 shares during the quarter. Royce & Associates LP's holdings in Lifetime Brands were worth $63,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LCUT. Empowered Funds LLC raised its stake in Lifetime Brands by 5.3% in 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 period. BNP Paribas Financial Markets increased its holdings in shares of 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 acquiring an additional 15,708 shares during the last quarter. JB Capital Partners LP raised its stake in Lifetime Brands by 13.0% in the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company's stock valued at $6,106,000 after acquiring an additional 108,193 shares during the period. Quadrature Capital Ltd bought a new stake in Lifetime Brands in the 3rd quarter valued at $128,000. Finally, SageView Advisory Group LLC lifted its holdings in Lifetime Brands by 89.3% during the 3rd quarter. SageView Advisory Group LLC now owns 24,421 shares of the company's stock valued at $160,000 after purchasing an additional 11,521 shares during the last quarter. 40.62% of the stock is currently owned by institutional investors and hedge funds.

Lifetime Brands Stock Performance

NASDAQ LCUT traded up $0.11 on Wednesday, reaching $5.13. The stock had a trading volume of 52,594 shares, compared to its average volume of 65,598. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. The company has a market cap of $113.70 million, a P/E ratio of -5.18, a price-to-earnings-growth ratio of 0.48 and a beta of 1.35. The firm has a fifty day moving average of $5.42 and a two-hundred day moving average of $5.85. Lifetime Brands, Inc. has a 1-year low of $4.70 and a 1-year high of $11.68.

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Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) 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 anticipate that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.0425 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.17 annualized dividend and a dividend yield of 3.31%. Lifetime Brands's dividend payout ratio is presently -23.94%.

Wall Street Analysts Forecast Growth

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

Lifetime Brands 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.