Lifetime Brands, Inc. (NASDAQ:LCUT) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. lessened its position in Lifetime Brands, Inc. (NASDAQ:LCUT) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,000 shares of the company’s stock after selling 9,175 shares during the period. Teton Advisors Inc. owned about 1.04% of Lifetime Brands worth $1,516,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Lifetime Brands by 489.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,255 shares of the company’s stock valued at $29,000 after acquiring an additional 3,533 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Lifetime Brands during the fourth quarter valued at about $180,000. Essex Investment Management Co. LLC purchased a new stake in shares of Lifetime Brands in the fourth quarter worth approximately $1,345,000. Legato Capital Management LLC purchased a new stake in shares of Lifetime Brands in the fourth quarter worth approximately $542,000. Finally, Heron Bay Capital Management bought a new position in Lifetime Brands during the fourth quarter valued at approximately $69,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Lifetime Brands Price Performance

Shares of NASDAQ LCUT traded down $0.12 during mid-day trading on Tuesday, reaching $9.14. The company had a trading volume of 34,964 shares, compared to its average volume of 75,497. Lifetime Brands, Inc. has a one year low of $4.31 and a one year high of $11.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.24 and a current ratio of 2.48. The business’s 50-day simple moving average is $9.85 and its 200 day simple moving average is $7.90. The firm has a market cap of $201.72 million, a price-to-earnings ratio of -23.44, a PEG ratio of 0.95 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Lifetime Brands had a negative net margin of 1.23% and a positive return on equity of 4.84%. The firm had revenue of $203.14 million for the quarter, compared to analyst estimates of $196.48 million. On average, research analysts predict that Lifetime Brands, Inc. will post 0.72 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.043 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.17 annualized dividend and a yield of 1.88%. Lifetime Brands’s dividend payout ratio (DPR) is currently -43.59%.

Analysts Set New Price Targets

LCUT has been the topic of a number of research reports. Canaccord Genuity Group boosted their target price on shares of Lifetime Brands from $8.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. DA Davidson upped their target price on shares of Lifetime Brands from $9.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, TheStreet raised Lifetime Brands from a “d+” rating to a “c-” rating in a research note on Monday, March 11th.

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.