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

Barclays PLC increased its position in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 38.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,016 shares of the company’s stock after buying an additional 5,302 shares during the quarter. Barclays PLC owned about 0.09% of Lifetime Brands worth $124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LCUT. Squarepoint Ops LLC lifted its holdings 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 worth $177,000 after purchasing an additional 4,575 shares in the last quarter. Empowered Funds LLC increased its position in shares of 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 in the last quarter. Mackenzie Financial Corp bought a new position in Lifetime Brands in the 2nd quarter valued at about $87,000. Jane Street Group LLC purchased a new position in shares of Lifetime Brands during the third quarter valued at approximately $67,000. Finally, Geode Capital Management LLC grew its holdings in Lifetime Brands by 3.9% during the third quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock worth $1,925,000 after buying an additional 11,118 shares in the last quarter. Institutional investors own 40.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LCUT. Canaccord Genuity Group cut their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th. DA Davidson reduced their price target on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Wednesday.

Lifetime Brands Price Performance

NASDAQ LCUT opened at $6.08 on Friday. The company has a market cap of $134.73 million, a PE ratio of -6.14, a price-to-earnings-growth ratio of 0.60 and a beta of 1.27. 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 50-day simple moving average is $5.93 and its two-hundred day simple moving average is $6.56. Lifetime Brands, Inc. has a 52 week low of $5.25 and a 52 week high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data 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). The company had revenue of $183.84 million for the quarter, compared to the consensus estimate of $193.90 million. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Research analysts predict that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Lifetime Brands’s dividend payout ratio is currently -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.