Jane Street Group LLC Makes New Investment in Lifetime Brands, Inc. (NASDAQ:LCUT)

Jane Street Group LLC acquired a new stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,222 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Squarepoint Ops LLC raised its position in Lifetime Brands by 28.5% during the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after acquiring an additional 4,575 shares in the last quarter. JB Capital Partners LP boosted its stake in Lifetime Brands by 13.0% during the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after purchasing an additional 108,193 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Lifetime Brands by 22.8% during the second quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $1,299,000 after buying an additional 28,104 shares in the last quarter. American Century Companies Inc. raised its position in shares of Lifetime Brands by 88.0% in the second quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after buying an additional 75,475 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Lifetime Brands by 579.0% in the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock worth $113,000 after purchasing an additional 11,233 shares in the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on LCUT. StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a report on Monday. DA Davidson decreased their target price on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Finally, Canaccord Genuity Group dropped their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 18th.

Lifetime Brands Stock Up 1.4 %

Lifetime Brands stock opened at $5.73 on Thursday. The company has a market capitalization of $126.96 million, a PE ratio of -5.79, a price-to-earnings-growth ratio of 0.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. Lifetime Brands, Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $11.68. The firm has a 50 day moving average price of $5.92 and a 200 day moving average price of $6.61.

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

Lifetime Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Friday, January 31st. Lifetime Brands’s dividend payout ratio (DPR) is -17.17%.

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.