Wedge Capital Management L L P NC maintained its position in Lifetime Brands, Inc. (NASDAQ:LCUT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,250 shares of the company’s stock at the end of the second quarter. Wedge Capital Management L L P NC owned 0.38% of Lifetime Brands worth $1,003,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Lifetime Brands by 6.5% in the first quarter. Vanguard Group Inc. now owns 366,460 shares of the company’s stock valued at $7,366,000 after buying an additional 22,217 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in Lifetime Brands by 21.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 268,211 shares of the company’s stock valued at $5,391,000 after buying an additional 46,742 shares in the last quarter. 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 valued at $4,283,000 after buying an additional 73,100 shares in the last quarter. State Street Corp increased its position in Lifetime Brands by 5.2% in the fourth quarter. State Street Corp now owns 166,994 shares of the company’s stock valued at $2,962,000 after buying an additional 8,258 shares in the last quarter. Finally, 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 valued at $1,760,000 after buying an additional 44,348 shares in the last quarter. 56.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Lifetime Brands, Inc. (LCUT) opened at 16.60 on Friday. Lifetime Brands, Inc. has a one year low of $12.03 and a one year high of $21.20. The stock has a market capitalization of $245.65 million, a PE ratio of 13.79 and a beta of 0.98. The firm has a 50-day moving average price of $18.44 and a 200 day moving average price of $18.10.
Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data 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. The firm had revenue of $117.40 million for the quarter, compared to analyst estimates of $121.59 million. Lifetime Brands had a return on equity of 10.27% and a net margin of 2.99%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 earnings per share. On average, equities analysts expect that Lifetime Brands, Inc. will post $1.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued 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 1.02%. Lifetime Brands’s dividend payout ratio is presently 14.05%.
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Several research analysts recently commented on LCUT shares. BidaskClub raised Lifetime Brands from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. Sidoti raised Lifetime Brands from a “neutral” rating to a “buy” rating in a research note on Friday, May 26th.
Lifetime Brands Company Profile
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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