Lifetime Brands, Inc. $LCUT Shares Bought by JB Capital Partners LP

JB Capital Partners LP grew its position in Lifetime Brands, Inc. (NASDAQ:LCUT) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,577,852 shares of the company’s stock after buying an additional 130,231 shares during the quarter. Lifetime Brands accounts for approximately 1.5% of JB Capital Partners LP’s holdings, making the stock its 13th biggest holding. JB Capital Partners LP owned 7.04% of Lifetime Brands worth $7,968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LCUT. Martin & Co. Inc. TN grew its stake in Lifetime Brands by 1.3% in the 2nd quarter. Martin & Co. Inc. TN now owns 525,757 shares of the company’s stock valued at $2,681,000 after acquiring an additional 6,943 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Lifetime Brands by 7.3% in the first quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock valued at $535,000 after purchasing an additional 7,385 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Lifetime Brands in the first quarter valued at approximately $82,000. SageView Advisory Group LLC increased its stake in shares of Lifetime Brands by 60.4% during the 1st quarter. SageView Advisory Group LLC now owns 55,546 shares of the company’s stock worth $274,000 after purchasing an additional 20,906 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Lifetime Brands during the 2nd quarter worth approximately $212,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Lifetime Brands Price Performance

Shares of NASDAQ:LCUT opened at $4.27 on Friday. The company has a market cap of $96.76 million, a P/E ratio of -2.57 and a beta of 1.34. The business has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $3.89. Lifetime Brands, Inc. has a 52 week low of $2.89 and a 52 week high of $7.05. The company has a quick ratio of 1.11, a current ratio of 2.71 and a debt-to-equity ratio of 1.03.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Lifetime Brands had a negative return on equity of 0.85% and a negative net margin of 5.49%.The firm had revenue of $171.91 million for the quarter, compared to analyst estimates of $178.76 million. Equities research analysts forecast that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a dividend of $0.0425 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.17 annualized dividend and a yield of 4.0%. Lifetime Brands’s dividend payout ratio is -10.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Zacks Research lowered Lifetime Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Canaccord Genuity Group cut their price target on Lifetime Brands from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lifetime Brands in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Lifetime Brands from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Lifetime Brands has a consensus rating of “Reduce” and an average price target of $5.00.

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.