Vanguard Group Inc lessened its holdings in shares of Lifetime Brands Inc (NASDAQ:LCUT) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 546,443 shares of the company’s stock after selling 1,050 shares during the period. Vanguard Group Inc owned 2.63% of Lifetime Brands worth $5,956,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Lifetime Brands by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,209,337 shares of the company’s stock worth $13,182,000 after buying an additional 19,651 shares during the last quarter. BlackRock Inc. grew its stake in shares of Lifetime Brands by 15.2% in the 2nd quarter. BlackRock Inc. now owns 850,187 shares of the company’s stock valued at $10,754,000 after purchasing an additional 111,957 shares during the last quarter. Olstein Capital Management L.P. grew its stake in shares of Lifetime Brands by 5.3% in the 3rd quarter. Olstein Capital Management L.P. now owns 215,000 shares of the company’s stock valued at $2,344,000 after purchasing an additional 10,800 shares during the last quarter. Bridgeway Capital Management Inc. grew its stake in shares of Lifetime Brands by 22.3% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 187,299 shares of the company’s stock valued at $2,042,000 after purchasing an additional 34,200 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Lifetime Brands by 20.0% in the 2nd quarter. Northern Trust Corp now owns 149,815 shares of the company’s stock valued at $1,896,000 after purchasing an additional 24,996 shares during the last quarter. 46.61% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. ValuEngine downgraded Lifetime Brands from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. BidaskClub upgraded Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 7th.
Shares of LCUT traded down $0.20 during mid-day trading on Monday, hitting $10.90. The company’s stock had a trading volume of 667 shares, compared to its average volume of 20,859. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.09 and a quick ratio of 1.38. The stock has a market capitalization of $230.46 million, a P/E ratio of 123.33 and a beta of 1.00. Lifetime Brands Inc has a 1-year low of $8.01 and a 1-year high of $16.80.
Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.36). The business had revenue of $209.45 million during the quarter. Lifetime Brands had a negative net margin of 1.59% and a positive return on equity of 0.52%.
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Lifetime Brands Profile
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 operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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