Short Interest in Lifetime Brands, Inc. (NASDAQ:LCUT) Drops By 25.3%

Lifetime Brands, Inc. (NASDAQ:LCUTGet Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 63,800 shares, a drop of 25.3% from the April 30th total of 85,400 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 72,200 shares, the short-interest ratio is currently 0.9 days.

Lifetime Brands Stock Up 1.4 %

Shares of LCUT opened at $10.77 on Thursday. Lifetime Brands has a twelve month low of $4.31 and a twelve month high of $11.68. The company has a 50 day moving average of $10.15 and a 200-day moving average of $8.62. The company has a quick ratio of 1.07, a current ratio of 2.62 and a debt-to-equity ratio of 0.77.

Lifetime Brands (NASDAQ:LCUTGet Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Lifetime Brands had a negative net margin of 0.86% and a positive return on equity of 4.63%. The firm had revenue of $142.24 million during the quarter, compared to the consensus estimate of $149.74 million. During the same period in the prior year, the business posted ($0.12) earnings per share. On average, sell-side analysts predict that Lifetime Brands will post 0.73 EPS for the current year.

Lifetime Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.043 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $0.17 annualized dividend and a dividend yield of 1.60%. Lifetime Brands’s dividend payout ratio is presently -62.96%.

Analyst Ratings Changes

Several analysts have commented on LCUT shares. Canaccord Genuity Group raised their target price on shares of Lifetime Brands from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, May 10th. DA Davidson raised their price target on shares of Lifetime Brands from $11.50 to $13.50 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, TheStreet raised shares of Lifetime Brands from a “d+” rating to a “c-” rating in a research note on Monday, March 11th.

Check Out Our Latest Stock Analysis on LCUT

Hedge Funds Weigh In On Lifetime Brands

Several hedge funds and other institutional investors have recently made changes to their positions in LCUT. Jump Financial LLC bought a new position in shares of Lifetime Brands in the third quarter valued at $62,000. Barclays PLC bought a new position in Lifetime Brands during the third quarter worth $35,000. Gamco Investors INC. ET AL boosted its position in Lifetime Brands by 350.0% during the third quarter. Gamco Investors INC. ET AL now owns 90,000 shares of the company’s stock worth $507,000 after purchasing an additional 70,000 shares during the period. Gabelli Funds LLC bought a new position in Lifetime Brands during the third quarter worth $56,000. Finally, Pacific Ridge Capital Partners LLC boosted its position in Lifetime Brands by 1.9% during the third quarter. Pacific Ridge Capital Partners LLC now owns 717,774 shares of the company’s stock worth $4,041,000 after purchasing an additional 13,233 shares during the period. 40.62% of the stock is owned by institutional investors.

About Lifetime Brands

(Get Free Report)

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.

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