Lifetime Brands, Inc. (NASDAQ:LCUT) Shares Bought by JB Capital Partners LP

JB Capital Partners LP boosted its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 13.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 940,814 shares of the company’s stock after purchasing an additional 108,193 shares during the period. Lifetime Brands makes up approximately 1.2% of JB Capital Partners LP’s portfolio, making the stock its 15th biggest holding. JB Capital Partners LP owned approximately 4.25% of Lifetime Brands worth $6,106,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in shares of Lifetime Brands by 657.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock valued at $118,000 after purchasing an additional 15,708 shares in the last quarter. Empowered Funds LLC lifted its position in Lifetime Brands by 5.3% during 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 in the last quarter. Royce & Associates LP grew its stake in Lifetime Brands by 9.7% during the third quarter. Royce & Associates LP now owns 130,841 shares of the company’s stock worth $856,000 after buying an additional 11,547 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Lifetime Brands in the second quarter worth $87,000. Finally, Squarepoint Ops LLC raised its stake in shares of 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 acquiring an additional 4,575 shares during the period. Institutional investors and hedge funds own 40.62% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LCUT. DA Davidson upped their price target on shares of Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Canaccord Genuity Group decreased their target price on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th.

Lifetime Brands Trading Up 0.9 %

Lifetime Brands stock opened at $5.85 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. The firm’s fifty day moving average price is $6.06 and its 200 day moving average price is $7.63. Lifetime Brands, Inc. has a 12-month low of $5.25 and a 12-month high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The business had revenue of $183.84 million for the quarter, compared to analysts’ expectations of $193.90 million. During the same period in the previous year, the firm posted $0.36 earnings per share. Analysts anticipate that Lifetime Brands, Inc. will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Friday, January 31st. Lifetime Brands’s payout ratio is -17.17%.

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.