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

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 269,200 shares, a decrease of 21.8% from the March 15th total of 344,300 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average daily volume of 52,700 shares, the short-interest ratio is currently 5.1 days.

Institutional Investors Weigh In On Lifetime Brands

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of Lifetime Brands during the third quarter worth $67,000. Geode Capital Management LLC grew its position in shares of Lifetime Brands by 3.9% during the third quarter. Geode Capital Management LLC now owns 294,291 shares of the company's stock valued at $1,925,000 after purchasing an additional 11,118 shares in the last quarter. Barclays PLC increased its holdings in shares of 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. Martin & Co. Inc. TN lifted its position in shares of Lifetime Brands by 41.2% in the fourth quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company's stock worth $1,962,000 after buying an additional 96,816 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Lifetime Brands by 5.2% during the fourth quarter. Empowered Funds LLC now owns 101,073 shares of the company's stock valued at $597,000 after buying an additional 4,980 shares during the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

Lifetime Brands Stock Performance

Shares of NASDAQ:LCUT traded down $0.02 during mid-day trading on Monday, reaching $3.79. 55,838 shares of the company traded hands, compared to its average volume of 66,953. The firm has a market cap of $84.00 million, a PE ratio of -3.83, a PEG ratio of 0.48 and a beta of 1.38. Lifetime Brands has a 52 week low of $3.72 and a 52 week high of $11.68. The company's 50 day moving average price is $4.80 and its 200-day moving average price is $5.53. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The business had revenue of $215.21 million during the quarter, compared to analyst estimates of $206.60 million. On average, equities analysts expect that Lifetime Brands will post 0.55 EPS for the current fiscal 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 issued a $0.0425 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.17 dividend on an annualized basis and a yield of 4.49%. Lifetime Brands's dividend payout ratio is presently -23.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LCUT. DA Davidson cut their target price on shares of Lifetime Brands from $6.75 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. 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.