Clark Estates Inc. NY bought a new position in Lifetime Brands, Inc. (NASDAQ:LCUT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 174,607 shares of the company’s stock, valued at approximately $3,169,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LCUT. Algert Global LLC increased its position in Lifetime Brands by 84.3% in the second quarter. Algert Global LLC now owns 96,973 shares of the company’s stock worth $1,760,000 after buying an additional 44,348 shares in the last quarter. Eagle Global Advisors LLC increased its position in Lifetime Brands by 3.9% in the second quarter. Eagle Global Advisors LLC now owns 19,202 shares of the company’s stock worth $349,000 after buying an additional 720 shares in the last quarter. Strs Ohio increased its position in Lifetime Brands by 8.4% in the second quarter. Strs Ohio now owns 33,500 shares of the company’s stock worth $608,000 after buying an additional 2,600 shares in the last quarter. Bank of America Corp DE increased its position in Lifetime Brands by 2.5% in the first quarter. Bank of America Corp DE now owns 19,766 shares of the company’s stock worth $397,000 after buying an additional 477 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Lifetime Brands by 52.2% in the first quarter. Renaissance Technologies LLC now owns 213,100 shares of the company’s stock worth $4,283,000 after buying an additional 73,100 shares in the last quarter. 55.65% of the stock is currently owned by institutional investors.
Shares of Lifetime Brands, Inc. (NASDAQ LCUT) opened at 15.90 on Friday. Lifetime Brands, Inc. has a one year low of $12.03 and a one year high of $21.20. The company has a market cap of $235.29 million, a P/E ratio of 13.21 and a beta of 0.98. The company has a 50 day moving average price of $18.75 and a 200 day moving average price of $18.07.
Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.11. Lifetime Brands had a net margin of 2.99% and a return on equity of 10.31%. The firm had revenue of $117.40 million for the quarter, compared to the consensus estimate of $121.59 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Equities research analysts expect that Lifetime Brands, Inc. will post $1.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.0425 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.17 annualized dividend and a yield of 1.07%. Lifetime Brands’s dividend payout ratio is 14.05%.
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A number of research analysts have commented on the company. BidaskClub downgraded Lifetime Brands from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Sidoti raised Lifetime Brands from a “neutral” rating to a “buy” rating in a report on Friday, May 26th.
About Lifetime Brands
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
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