Barclays PLC Buys 5,302 Shares of Lifetime Brands, Inc. (NASDAQ:LCUT)

Barclays PLC grew its stake in Lifetime Brands, Inc. (NASDAQ:LCUT) by 38.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,016 shares of the company’s stock after purchasing an additional 5,302 shares during the quarter. Barclays PLC owned approximately 0.09% of Lifetime Brands worth $124,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Squarepoint Ops LLC raised its position in shares of Lifetime Brands by 28.5% in the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after purchasing an additional 4,575 shares during the period. Empowered Funds LLC increased 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 worth $628,000 after acquiring an additional 4,824 shares during the period. Mackenzie Financial Corp bought a new position in Lifetime Brands during the second quarter worth about $87,000. Jane Street Group LLC bought a new position in Lifetime Brands during the third quarter worth about $67,000. Finally, Rhumbline Advisers increased its position in Lifetime Brands by 579.0% during the second quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock worth $113,000 after acquiring an additional 11,233 shares during the period. 40.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Lifetime Brands from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. Canaccord Genuity Group lowered their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Finally, DA Davidson lowered their price target on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, December 11th.

Lifetime Brands Price Performance

LCUT stock opened at $5.71 on Thursday. The company’s 50-day moving average price is $5.96 and its two-hundred day moving average price is $6.72. Lifetime Brands, Inc. has a 12 month low of $5.25 and a 12 month high of $11.68. 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 has a market cap of $126.52 million, a P/E ratio of -5.77, a P/E/G ratio of 0.83 and a beta of 1.27.

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

Lifetime Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.043 per share. The ex-dividend date is Friday, January 31st. This represents a $0.17 annualized dividend and a yield of 3.01%. Lifetime Brands’s payout ratio is -17.17%.

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.