Lifetime Brands, Inc. (NASDAQ:LCUT) Shares Sold by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. lowered its position in Lifetime Brands, Inc. (NASDAQ:LCUT) by 2.0% during the third quarter, HoldingsChannel reports. The firm owned 129,182 shares of the company’s stock after selling 2,629 shares during the period. Guardian Wealth Management Inc.’s holdings in Lifetime Brands were worth $845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Lifetime Brands by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock valued at $10,449,000 after acquiring an additional 38,471 shares during the period. JB Capital Partners LP boosted its stake in Lifetime Brands by 13.0% in the third quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after acquiring an additional 108,193 shares in the last quarter. Acadian Asset Management LLC grew its stake in Lifetime Brands by 20.4% during the 2nd quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock worth $2,737,000 after buying an additional 54,142 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Lifetime Brands by 88.0% in the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after acquiring an additional 75,475 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Lifetime Brands by 22.8% in the second quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock valued at $1,299,000 after purchasing an additional 28,104 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LCUT has been the subject of a number of recent analyst reports. Canaccord Genuity Group reduced their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th. StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research note 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 note on Monday, August 12th.

Lifetime Brands Stock Up 6.2 %

Shares of LCUT opened at $6.87 on Monday. Lifetime Brands, Inc. has a 12-month low of $5.25 and a 12-month high of $11.68. The business’s fifty day moving average price is $6.04 and its 200 day moving average price is $7.37. 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 posted its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The company had revenue of $183.84 million during the quarter, compared to analyst estimates of $193.90 million. During the same period in the previous year, the company earned $0.36 EPS. Research analysts anticipate that Lifetime Brands, Inc. will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.043 per share. The ex-dividend date is Friday, January 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.50%. Lifetime Brands’s dividend payout ratio is currently -17.17%.

Lifetime Brands Company 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.