Lifetime Brands, Inc. (NASDAQ:LCUT) Short Interest Down 14.1% in December

Lifetime Brands, Inc. (NASDAQ:LCUTGet Rating) was the target of a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 176,100 shares, a decline of 14.1% from the December 15th total of 204,900 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 32,300 shares, the days-to-cover ratio is presently 5.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LCUT. Bank of New York Mellon Corp increased its holdings in shares of Lifetime Brands by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 132,895 shares of the company’s stock valued at $1,706,000 after buying an additional 5,434 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Lifetime Brands by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,308,005 shares of the company’s stock valued at $16,795,000 after buying an additional 15,440 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Lifetime Brands by 0.8% in the first quarter. Vanguard Group Inc. now owns 633,633 shares of the company’s stock valued at $8,136,000 after buying an additional 5,192 shares in the last quarter. Teton Advisors Inc. increased its holdings in shares of Lifetime Brands by 2.0% in the first quarter. Teton Advisors Inc. now owns 256,175 shares of the company’s stock valued at $3,289,000 after buying an additional 5,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Lifetime Brands by 10.7% in the first quarter. Renaissance Technologies LLC now owns 79,500 shares of the company’s stock valued at $1,021,000 after buying an additional 7,700 shares in the last quarter. Institutional investors own 41.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com initiated coverage on Lifetime Brands in a report on Wednesday, October 12th. They issued a “hold” rating for the company. DA Davidson lowered their target price on Lifetime Brands from $11.00 to $9.50 and set a “buy” rating for the company in a report on Tuesday, November 22nd.

Lifetime Brands Stock Performance

LCUT opened at $8.07 on Monday. The company has a market capitalization of $177.57 million, a price-to-earnings ratio of -17.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 3.12 and a quick ratio of 1.13. Lifetime Brands has a 1-year low of $6.38 and a 1-year high of $16.40. The business has a 50 day moving average price of $8.02 and a two-hundred day moving average price of $8.44.

Lifetime Brands (NASDAQ:LCUTGet Rating) last released its earnings results on Thursday, November 3rd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.15). The firm had revenue of $186.59 million during the quarter, compared to analyst estimates of $207.04 million. Lifetime Brands had a positive return on equity of 6.61% and a negative net margin of 1.30%. Research analysts predict that Lifetime Brands will post 0.47 EPS for the current fiscal year.

Lifetime Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be issued a $0.043 dividend. The ex-dividend date of this dividend is Tuesday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 2.13%. Lifetime Brands’s dividend payout ratio is currently -36.17%.

About Lifetime Brands

(Get Rating)

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. 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.

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