Dimensional Fund Advisors LP grew its stake in shares of Lifetime Brands Inc (NASDAQ:LCUT) by 1.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,209,337 shares of the company’s stock after acquiring an additional 19,651 shares during the period. Dimensional Fund Advisors LP owned about 5.83% of Lifetime Brands worth $13,182,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Rhumbline Advisers acquired a new position in Lifetime Brands during the second quarter worth $150,000. Russell Investments Group Ltd. bought a new stake in Lifetime Brands during the second quarter valued at about $1,540,000. Teton Advisors Inc. boosted its holdings in Lifetime Brands by 67.1% during the third quarter. Teton Advisors Inc. now owns 141,451 shares of the company’s stock valued at $1,542,000 after acquiring an additional 56,803 shares during the period. Northern Trust Corp lifted its stake in shares of Lifetime Brands by 20.0% in the second quarter. Northern Trust Corp now owns 149,815 shares of the company’s stock valued at $1,896,000 after buying an additional 24,996 shares during the period. Finally, Olstein Capital Management L.P. lifted its stake in shares of Lifetime Brands by 5.3% in the third quarter. Olstein Capital Management L.P. now owns 215,000 shares of the company’s stock valued at $2,344,000 after buying an additional 10,800 shares during the period. Institutional investors own 46.58% of the company’s stock.
LCUT has been the subject of several research reports. ValuEngine cut shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. BidaskClub upgraded shares of Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 7th.
In other Lifetime Brands news, major shareholder Centre Partners V, L.P. acquired 7,960 shares of Lifetime Brands stock in a transaction on Wednesday, November 14th. The shares were purchased at an average cost of $10.37 per share, with a total value of $82,545.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 53,485 shares of company stock worth $610,019. Insiders own 41.70% of the company’s stock.
Shares of NASDAQ LCUT traded up $0.80 during mid-day trading on Friday, hitting $11.10. 46,346 shares of the stock were exchanged, compared to its average volume of 19,897. The company has a current ratio of 3.09, a quick ratio of 1.38 and a debt-to-equity ratio of 1.29. The firm has a market cap of $213.85 million, a price-to-earnings ratio of 114.44 and a beta of 1.00. Lifetime Brands Inc has a twelve month low of $8.01 and a twelve month high of $16.80.
Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.36). Lifetime Brands had a negative net margin of 1.59% and a positive return on equity of 0.52%. The company had revenue of $209.45 million during the quarter.
Lifetime Brands Company 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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