Empowered Funds LLC Grows Position in Lifetime Brands, Inc. (NASDAQ:LCUT)

Empowered Funds LLC lifted its position in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 5.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 96,093 shares of the company’s stock after purchasing an additional 4,824 shares during the quarter. Empowered Funds LLC owned about 0.43% of Lifetime Brands worth $628,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LCUT. Mackenzie Financial Corp purchased a new stake in shares of Lifetime Brands during the second quarter valued at approximately $87,000. Rhumbline Advisers increased its stake in Lifetime Brands by 579.0% during 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 during the period. Squarepoint Ops LLC lifted its holdings in Lifetime Brands by 28.5% in the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock worth $177,000 after buying an additional 4,575 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in Lifetime Brands in the 2nd quarter valued at about $450,000. Finally, Renaissance Technologies LLC grew its stake in shares of Lifetime Brands by 14.8% during the second quarter. Renaissance Technologies LLC now owns 108,051 shares of the company’s stock valued at $928,000 after acquiring an additional 13,900 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

Lifetime Brands Stock Performance

Shares of LCUT stock opened at $5.76 on Friday. The stock has a market capitalization of $127.64 million, a price-to-earnings ratio of -5.82, a PEG ratio of 0.74 and a beta of 1.26. Lifetime Brands, Inc. has a one year low of $5.25 and a one year high of $11.68. The company’s 50-day simple moving average is $6.13 and its 200-day simple moving average is $7.74. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data 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 firm had revenue of $183.84 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $0.36 EPS. Equities analysts anticipate that Lifetime Brands, Inc. will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, January 31st. Lifetime Brands’s dividend payout ratio is presently -17.17%.

Analysts Set New Price Targets

Several research firms recently commented on LCUT. Canaccord Genuity Group cut their price target on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, DA Davidson raised their price target on shares of Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 12th.

Lifetime Brands 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.