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

JB Capital Partners LP raised its position in shares of 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 and Exchange Commission. The firm owned 1,577,852 shares of the company’s stock after acquiring an additional 130,231 shares during the period. Lifetime Brands makes up 1.5% of JB Capital Partners LP’s portfolio, making the stock its 13th biggest position. JB Capital Partners LP owned about 0.07% of Lifetime Brands worth $7,968,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Martin & Co. Inc. TN raised its holdings in shares of Lifetime Brands by 1.3% in the 2nd quarter. Martin & Co. Inc. TN now owns 525,757 shares of the company’s stock worth $2,681,000 after purchasing an additional 6,943 shares during the period. Empowered Funds LLC grew its stake in Lifetime Brands by 7.3% during the first quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock worth $535,000 after buying an additional 7,385 shares during the period. Nuveen LLC purchased a new stake in Lifetime Brands during the first quarter worth approximately $82,000. SageView Advisory Group LLC lifted its holdings 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 valued at $274,000 after acquiring an additional 20,906 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Lifetime Brands during the 2nd quarter worth $212,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Lifetime Brands Stock Up 5.4%

Shares of Lifetime Brands stock opened at $4.27 on Friday. Lifetime Brands, Inc. has a 1-year low of $2.89 and a 1-year high of $7.05. The company has a market capitalization of $96.76 million, a PE ratio of -2.57 and a beta of 1.34. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.71 and a quick ratio of 1.11. The business has a 50-day moving average of $3.55 and a 200-day moving average of $3.89.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.11 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $178.76 million. As a group, equities analysts forecast that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.

Lifetime Brands Dividend Announcement

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 paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, January 30th. Lifetime Brands’s payout ratio is -10.24%.

Wall Street Analyst Weigh In

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

About Lifetime Brands

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.