Lifetime Brands, Inc. (NASDAQ:LCUT) Short Interest Update

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 321,600 shares, a growth of 10.3% from the September 15th total of 291,600 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 58,700 shares, the short-interest ratio is currently 5.5 days.

Lifetime Brands Price Performance

Shares of NASDAQ LCUT traded up $0.13 during trading on Tuesday, hitting $6.34. The company had a trading volume of 38,303 shares, compared to its average volume of 77,480. The stock has a fifty day simple moving average of $6.75 and a two-hundred day simple moving average of $8.50. Lifetime Brands has a fifty-two week low of $4.90 and a fifty-two week high of $11.68. The firm has a market capitalization of $139.94 million, a price-to-earnings ratio of -23.48, a price-to-earnings-growth ratio of 0.63 and a beta of 1.25. The company has a quick ratio of 0.92, a current ratio of 2.35 and a debt-to-equity ratio of 0.75.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Lifetime Brands had a negative net margin of 2.58% and a positive return on equity of 4.51%. The company had revenue of $141.67 million during the quarter, compared to analyst estimates of $41.90 million. During the same quarter last year, the business earned ($0.02) EPS. On average, research analysts expect that Lifetime Brands will post 0.7 earnings per share for the current year.

Lifetime Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.043 per share. The ex-dividend date is Friday, November 1st. This represents a $0.17 dividend on an annualized basis and a yield of 2.71%. Lifetime Brands's payout ratio is presently -62.96%.

Hedge Funds Weigh In On Lifetime Brands

A number of institutional investors and hedge funds have recently bought and sold shares of LCUT. Mackenzie Financial Corp acquired a new position in Lifetime Brands during the second quarter worth about $87,000. Rhumbline Advisers boosted its holdings in Lifetime Brands by 579.0% in the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company's stock valued at $113,000 after purchasing an additional 11,233 shares during the last quarter. Squarepoint Ops LLC boosted its holdings 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 purchasing an additional 4,575 shares during the last quarter. Heron Bay Capital Management boosted its holdings in Lifetime Brands by 81.1% in the 1st quarter. Heron Bay Capital Management now owns 18,690 shares of the company's stock valued at $196,000 after purchasing an additional 8,369 shares during the last quarter. Finally, Chemistry Wealth Management LLC acquired a new position in Lifetime Brands in the 1st quarter valued at about $235,000. 40.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LCUT shares. DA Davidson lifted their price objective on shares of Lifetime Brands from $13.50 to $14.00 and gave the company a "buy" rating in a report on Monday, August 12th. StockNews.com lowered shares of Lifetime Brands from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 6th.

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.