Rhumbline Advisers Buys 11,233 Shares of Lifetime Brands, Inc. (NASDAQ:LCUT)

Rhumbline Advisers increased its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 579.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,173 shares of the company’s stock after acquiring an additional 11,233 shares during the period. Rhumbline Advisers owned about 0.06% of Lifetime Brands worth $113,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heron Bay Capital Management boosted its holdings in shares of Lifetime Brands by 81.1% in the 1st quarter. Heron Bay Capital Management now owns 18,690 shares of the company’s stock valued at $196,000 after buying an additional 8,369 shares during the last quarter. Chemistry Wealth Management LLC acquired a new stake in shares of Lifetime Brands in the 1st quarter valued at $235,000. Panagora Asset Management Inc. acquired a new position in shares of Lifetime Brands during the 2nd quarter worth $450,000. Empowered Funds LLC acquired a new position in shares of Lifetime Brands during the 1st quarter worth $726,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Lifetime Brands by 22.8% during the 2nd 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 during the last quarter. Institutional investors own 40.62% of the company’s stock.

Analyst Upgrades and Downgrades

LCUT has been the topic of several recent research reports. StockNews.com downgraded Lifetime Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th. DA Davidson lifted their price target on Lifetime Brands from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Monday, August 12th.

Lifetime Brands Trading Up 2.2 %

NASDAQ:LCUT opened at $6.54 on Tuesday. The firm has a fifty day simple moving average of $7.23 and a two-hundred day simple moving average of $8.78. Lifetime Brands, Inc. has a 12 month low of $4.86 and a 12 month high of $11.68. The stock has a market capitalization of $144.36 million, a price-to-earnings ratio of -23.96, a PEG ratio of 0.66 and a beta of 1.25. The company has a current ratio of 2.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $141.67 million during the quarter, compared to analysts’ expectations of $41.90 million. Lifetime Brands had a positive return on equity of 4.51% and a negative net margin of 2.58%. During the same period last year, the company earned ($0.02) earnings per share. Analysts expect that Lifetime Brands, Inc. will post 0.7 EPS for the current fiscal year.

Lifetime Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.043 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.63%. Lifetime Brands’s dividend payout ratio (DPR) is presently -62.96%.

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.