Geode Capital Management LLC Boosts Stock Holdings in Lifetime Brands, Inc. (NASDAQ:LCUT)

Geode Capital Management LLC lifted its position in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,291 shares of the company’s stock after acquiring an additional 11,118 shares during the period. Geode Capital Management LLC’s holdings in Lifetime Brands were worth $1,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LCUT. Jane Street Group LLC bought a new stake in shares of Lifetime Brands in the 3rd quarter worth $67,000. Mackenzie Financial Corp purchased a new stake in shares of Lifetime Brands during the second quarter valued at $87,000. Rhumbline Advisers increased its holdings 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 buying an additional 11,233 shares in the last quarter. BNP Paribas Financial Markets raised its position in Lifetime Brands by 657.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock worth $118,000 after buying an additional 15,708 shares during the last quarter. Finally, Barclays PLC lifted its stake in Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after acquiring an additional 5,302 shares during the period. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group decreased their target price 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. DA Davidson cut their price objective on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, December 11th. Finally, StockNews.com downgraded Lifetime Brands from a “buy” rating to a “hold” rating in a report on Friday, December 13th.

Lifetime Brands Trading Up 0.4 %

Shares of Lifetime Brands stock opened at $5.71 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. The stock has a market capitalization of $126.52 million, a PE ratio of -5.77, a P/E/G ratio of 0.83 and a beta of 1.27. Lifetime Brands, Inc. has a 1-year low of $5.25 and a 1-year high of $11.68. The company’s fifty day simple moving average is $5.96 and its 200-day simple moving average is $6.72.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $0.36 EPS. As a group, equities analysts anticipate that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Friday, January 31st. Lifetime Brands’s dividend payout ratio 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.