Lifetime Brands, Inc. (NASDAQ:LCUT) Short Interest Up 12.2% in August

Lifetime Brands, Inc. (NASDAQ:LCUTGet Rating) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 269,500 shares, an increase of 12.2% from the August 15th total of 240,200 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 27,300 shares, the short-interest ratio is currently 9.9 days.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their target price on shares of Lifetime Brands from $17.50 to $11.00 and set a “buy” rating on the stock in a research report on Monday, August 8th.

Hedge Funds Weigh In On Lifetime Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LCUT. Raymond James & Associates boosted its position in Lifetime Brands by 2.7% in the fourth quarter. Raymond James & Associates now owns 51,877 shares of the company’s stock valued at $828,000 after buying an additional 1,340 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Lifetime Brands by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,292,565 shares of the company’s stock worth $20,642,000 after purchasing an additional 37,013 shares in the last quarter. Values First Advisors Inc. acquired a new position in shares of Lifetime Brands during the fourth quarter worth approximately $281,000. Martin & Co. Inc. TN lifted its position in shares of Lifetime Brands by 1.5% during the first quarter. Martin & Co. Inc. TN now owns 104,517 shares of the company’s stock worth $1,342,000 after purchasing an additional 1,523 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Lifetime Brands by 22.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 25,853 shares of the company’s stock worth $332,000 after purchasing an additional 4,683 shares in the last quarter. 41.27% of the stock is currently owned by institutional investors and hedge funds.

Lifetime Brands Price Performance

Shares of Lifetime Brands stock opened at $8.84 on Wednesday. The firm has a market cap of $195.01 million, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. Lifetime Brands has a twelve month low of $7.93 and a twelve month high of $19.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.73 and a current ratio of 2.37. The firm’s 50-day simple moving average is $9.56 and its 200-day simple moving average is $11.18.

Lifetime Brands (NASDAQ:LCUTGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.19). Lifetime Brands had a net margin of 1.09% and a return on equity of 10.40%. During the same quarter last year, the business earned $0.28 earnings per share. As a group, research analysts expect that Lifetime Brands will post 1.08 EPS for the current fiscal year.

Lifetime Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be given a $0.043 dividend. The ex-dividend date of this dividend is Monday, October 31st. This represents a $0.17 dividend on an annualized basis and a yield of 1.95%. Lifetime Brands’s dividend payout ratio (DPR) is presently 42.50%.

About Lifetime Brands

(Get Rating)

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 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.

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